As it explores a potential sale or spinoff, the Howard Hughes Corporation locked down $250 million in financing for its redevelopment of the Seaport District in Lower Manhattan. The interest-only term loan comes carries a rate of 6.1 percent for the first two years then will shift to LIBOR plus 4.1 percent, according to the developer. Only some of Howard Hughes’ Seaport properties — including the Tin Building and Pier 17 — will secure the […]
source https://therealdeal.com/2019/07/03/ahead-of-potential-company-sale-howard-hughes-lands-250m-loan-for-seaport-redevelopment/
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