RESIDENTIAL
Bank of China Lends $105Mln Against Manhattan Apartment Property
CRE News | February 14, 2020
RESIDENTIAL
Bank of China Lends $105Mln Against Manhattan Apartment Property
CRE News | February 14, 2020
Bank of China has provided $105 million of financing against the 164-unit Oskar apartment property in Manhattan's Hell's Kitchen neighborhood.
The 10-year loan pays a 2.82 percent coupon. It allowed the property's developer, Moinian Group of New York, to retire $104 million of construction debt that Bank of China also had provided in 2017.