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How Nyc Commercial Real Estate Lenders Got Creative In The Pandemic

by therealdeal.com posted 1month ago 5 views
After six years and more than $70 million, Nightingale and Friedland just gave up: They handed over the keys. The 22-story tower at 645 Madison Avenue was a trophy for both firms. The building was Nightingale’s first Manhattan project and added 164,000 square feet to Larry Friedland’s Madison Avenue empire. Friedland and Nightingale, along with hedge-fund billionaire Bill Ackman, bought the leasehold at 645 Madison for $76 million in October 2015. At the same time, The post Capital pains: How lenders are getting creative to get paid appeared first on The Real Deal New York.

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