Korein family refis $30M secured by the ground under Lever House in Plaza District

The Korein family through the entity 390 Tower Associates LLC as borrower signed a loan agreement with lender Apple Bank For Savings valued at $30 million for 1 parcel, occupied by a building with the tax class office building tower type with 20 or more stories (O4) known as the Lever House at 390 Park Avenue in the Plaza District. The deal closed on November 1, 2020 and was recorded on December 7, 2020.
The property contains a total of 262,945 square feet of built space.

The signatory for the Korein family was Leo Korein. The Korein family owns the fee and ground leases the premises to Brookfield Properties and Waterman Interests, which own and operate the office building 390 Park Avenue on the land.
Over the past five years, there have been 8 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 8 renovation/alteration projects (A2) applied for with a total estimated value of $1,981,000.

Direct link to Acris document. link
The signatory for the buyer or lender was Cynthia Wang