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Catsimatidis gets $153M refi on Coney Island apartment towers – Robert Khodadadian

John Catsimatidis has refinanced his glassy new apartment buildings looming above Coney Island. The billionaire Red Apple Group CEO landed a $153 million loan from Bank of America and Santander Bank for his dual-towered development, known as Ocean Drive, at 3514 Surf Avenue. Catismatidis told The Real Deal that with interest rates climbing, he opted for a short-term loan rather than getting locked in for the next 10 years. “We think interest rates are going

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, Bank of America, coney island, John Catsimatidis, refinancing The Real Deal New York Read More

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