BLDG Management refis the Blake on the UES with $65M loan

BLDG Management refinanced the Blake – the company’s 181-unit rental building on the Upper East Side – with a $65 million loan from Principal Real Estate Investors. The landlord secured the 10-year loan to replace $90 million in debt provided by Column Financial in 2007, the Commercial Observer reported. The loan comes with a fixed rate of 4.24 percent with seven years of interest-only payments. Lloyd Goldman’s BLDG Management bought the 14-story building at 220 […]

Source: Real Estate

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