Private Equity
The 10 largest Manhattan loans recorded in November totaled $2.12 billion, a 16 percent increase from October’s total. More than half of that sum came from a single massive loan: a $1.25 billion refinancing of the 49-story Grace Building north of Bryant Park, which came in the form of a single-asset/single-borrower commercial mortgage-backed security transaction. The market for such SASB CMBS deals has lately benefited from “pullback by competing insurers and banks that often lend The post These were the largest Manhattan real estate loans in November appeared first on The Real Deal New York.

In this article