Eliot Spitzer and Related Companies have landed $276 million in building and project loans for their 526-unit housing development in Hudson Yards. About a quarter of the units will be for senior housing. The loans are from M&T Bank, and are split between a roughly $203 million mortgage and a $73.1 million mortgage for 451 10th Avenue, according to property records. Representatives for Related and Spitzer Enterprises did not immediately respond to requests for comment.
source https://therealdeal.com/2020/02/10/spitzer-related-land-276m-in-financing-for-hudson-yards-senior-housing-project/
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