Residential
Moinian Group Secures $105M Refi for Manhattan Property
Multi-Housing News | February 14, 2020
RESIDENTIAL
Moinian Group Secures $105M Refi for Manhattan Property
Multi-Housing News | February 14, 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.