A Midtown building that has found buyers for only seven of 68 units since sales launched in 2017 has received a cash lifeline. Singapore’s United Overseas Bank has issued the East 59th Street tower a $204 million condo inventory loan for the 61 unsold residences, an 18,000-square-foot commercial unit and 981 Third Avenue, a 9,500-square-foot retail property one door down. The loan was first reported by PincusCo Media. The refinancing comes on the heels of
source https://therealdeal.com/2020/06/24/condo-project-beats-the-odds-lands-204m-loan/
No comments:
Post a Comment