BHI Provides Condo Inventory Loan for Ground-Up Luxury Project

BHI, the U.S branch of Bank Hapoalim, B.M., provided a $200-million condo inventory loan to Malabar Residences, a newly constructed ultra luxury residential condominium and ground-floor retail building located at 126 E. 57th St. and developed by MRR Development.. The financing retires Malabar Residences’ existing construction loan as the project nears completion and enters its...