A development group led by Michael Shvo has secured a $210 million loan to finance the acquisition of 530 Broadway. The debt is being provided by LoanCore Capital to help finance the $386 million purchase, people familiar with the deal told The Real Deal. Shvo’s group — including Turkish firm BLG Capital and Deutsche Finance America — went into contract to buy the property from Jeff Sutton’s Wharton Properties and Joe Sitt’s Thor Equities in
source https://therealdeal.com/2020/03/04/michael-shvo-secures-210m-loan-for-530-broadway-buy/
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