TF Cornerstone lands $484M refi for Midtown rental tower

With help from a state housing agency, TF Cornerstone has closed on a large refinancing deal for the Max, its massive luxury rental building in Midtown. The company closed on $484 million in financing for the 1,028-unit project at 606 West 57th Street, Commercial Observer reported. The debt, provided by the New York State Housing Finance Authority, refinances a $380 million mortgage from 2014 by the same source. The agency plans to issue $104 million […]

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