Blackstone realigns ambiguous stakes in 31 NYC mostly multifamily properties
Blackstone Group transferred a $3.5 million interest in 31 properties in New York City, including
Transfers
Vanbarton Group borrows $93M from Deutsche Bank New York Branch for office property in Grand Central
Vanbarton Group through the entity 292 Madison Ny LLC as borrower signed a loan agreement
L+M Development Partners and Invesco Real Estate borrow $823.5M from Wells Fargo Bank for property in Upper Manhattan
L+M Development Partners and Invesco Real Estate borrowed a total of $823.5 million from Wells
Dan Shavolian’s Foremost Real Estate borrows $61M from Bank of America for commercial condos in Chelsea
Dan Shavolian’s Foremost Real Estate through the entity 127 West 25th Group LLC as borrower
Afiaa, the Swiss Foundation for International Real Estate Investments borrows $50M from Ing Capital for office property in Chelsea
Afiaa, the Swiss Foundation for International Real Estate Investments through the entity Afiaa 158 West
Bentley Zhao’s New Empire Real Estate borrows $32M from Popular Bank for rental property in Flatbush
Bentley Zhao’s New Empire Real Estate through the entity North Ocean Management LLC as borrower
Raymour & Flanigan borrows $26M from JPMorgan Chase Bank for new store property in Marine Park
Raymour & Flanigan through the entity Brooklyn Flatbush Avenue, LLC as borrower signed a loan
Gatsby Enterprises borrows $18M from Capital One for rental property in East Village
Gatsby Enterprises through the entity Rae Realty LLC as borrower signed a loan agreement with
Olnick Organization borrows $10M from Capital One for rental property in Hamilton Heights
Olnick Organization through the entity Roc-West 153rd Street Associates, LLC as borrower signed a loan