Brief
Midtown Office-to-Resi Conversion Secures $480M Financing
Madison Realty Capital originated a $480-million loan to Yellowstone Real Estate Investments for the conversion of 1740 Broadway, a 523,051-square-foot, 27-story office building located along Broadway
Summary
Madison Realty Capital originated a $480-million loan to Yellowstone Real Estate Investments for the conversion of 1740 Broadway, a 523,051-square-foot, 27-story office building located along Broadway between 55th and 56th streets in Midtown Manhattan, into a 420-unit luxury residential project.
Ackman-Ziff’s Jason Krane, Russ Schildkraut and Simon Ziff arranged the financing on behalf of Yellowstone....
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Source
- Connect CREconnectcre.com
