BHI Lends on Recapitalization of Midtown East Tower Ahead of Resi Conversion

BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, has provided Quantum Pacific Realty and partner Metro Loft with $88 million to finance the recapitalization of 845 Third Ave., a 21-story, 350,000-square-foot office building located in Midtown East, ahead of plans to convert the property into a 529-unit residential rental property....