MCR Development has refinanced its TWA Flight Center redevelopment within John F. Kennedy International Airport for $270 million. The financing comes from Bank of America, according to property records. It refinances last year’s $230 million leasehold mortgage from M&T Bank and consolidates a new gap mortgage for $40 million. The project to turn the former Trans World Airlines terminal into TWA Hotel cost roughly $265 million, according to the New York Times, and recently reopened […]
source https://therealdeal.com/2019/06/20/revamped-twa-flight-center-at-jfk-lands-270m-loan/
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