Moinian Group Secures $105M Refi for Manhattan Property

Multi-Housing News | February 17, 2020

The Moinian Group has secured a $105 million loan to refinance Oskar, its luxury residential building in Manhattan. The firm completed the construction of the property in 2019 under a loan of $103 million issued by U.S. Bank, according to Yardi Matrix. The new loan, which will be used to replace the existing construction loan debt, will be issued by Bank of China at a fixed rate of 2.8 percent for a 10-year period. Oskar is located at 572 11th Ave. in the Hell’s Kitchen neighborhood. The building comprises 183,000 square feet consisting of 164 units and a full block of retail occupied by Starbucks and The Learning Experience. The community includes a fitness center, business center, clubhouse, basketball court, lobby complete with sky-lit reflective pond, lounge, private sundeck and rooftop space designed in collaboration with CetraRuddy, as well as a landscaped terrace by HMWhite.

Spotlight

The Real Estate and Construction market has been changing over the past few years. With all these changes going on, Deloitte Real Estate is releasing the Real Estate Predictions 2018. We hope the predictions enhance your understanding of the opportunities within the real estate industry.

Spotlight

The Real Estate and Construction market has been changing over the past few years. With all these changes going on, Deloitte Real Estate is releasing the Real Estate Predictions 2018. We hope the predictions enhance your understanding of the opportunities within the real estate industry.

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REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT

Oxylabs Unveils Real Estate Scraper

Oxylabs | November 25, 2022

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BROKERAGE,REAL ESTATE TECHNOLOGY

INFINITAS Realty and Side Collaborate to Transform Brokerages into Boutique Brands

Side | January 05, 2023

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REAL ESTATE INVESTMENT

CIP Real Estate Acquires Industrial Complex in North Atlanta Metro

CIP Real Estate LLC | November 17, 2022

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