RESIDENTIAL
Moinian Recaps Oskar with Bank of China Loan
Real Estate Weekly | February 14, 2020
RESIDENTIAL
Moinian Recaps Oskar with Bank of China Loan
Real Estate Weekly | February 14, 2020
The Moinian Group has closed on a $105 million loan from Bank of China to refinance Oskar, the developer’s fully leased luxury residential building at 572 11th Avenue.
The $105 million loan, at a fixed rate of 2.82 percent for a period of ten years, replaces the existing construction loan debt on the project.