Private Equity
Two luxury rental buildings on the Upper East Side fetched about 40 percent of the cash in last month’s 10 largest Manhattan real estate loans. Rental buildings also drew large loans in the West Village, as renters paid a record average of $4,000 in May to live in the city’s central borough. The 10 largest Manhattan real estate loans recorded in May totaled $1.5 billion, lower than April’s $1.7 billion, and $1.8 billion from a The post Manhattan’s biggest loans in May led by rentals appeared first on The Real Deal New York.

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