Cohen Brothers’ Midtown tower back in special servicing – Robert Khodadadian

Default is looming over the Cohen Brothers Realty’s International Plaza tower, where a CMBS loan on the building was transferred to special servicing. The balance of the loan on the Plaza District office at 750 Lexington Avenue is $126.8 million, according to Trepp data reported by the Commercial Observer. Citigroup issued the loan in 2015, which is facing default three years ahead of its maturity date. The loan is split between two conduit deals, part

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, cmbs, cohen brothers realty, office market, plaza district, Real Estate Finance The Real Deal New York Read More

.com/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ue9575b624c3bab942721f8c0b746fe0d:hover .ctaButton { background-color: #141414!important; } .ue9575b624c3bab942721f8c0b746fe0d .centered-text { display: table; height: 80px; padding-left: 18px; top: 0; } .ue9575b624c3bab942721f8c0b746fe0d .ue9575b624c3bab942721f8c0b746fe0d-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ue9575b624c3bab942721f8c0b746fe0d:after { content: ""; display: block; clear: both; }
See also  M&T Realty and BlueGate Partners provides $63 million in financing for a multifamily property in Jersey City – Robert Khodadadian