Related Companies borrows $65M from Mack Real Estate Credit Strategies for property in Hudson Yards

Related Companies through the entity 517 West 35th LLC as borrower signed a loan agreement with lender Mack Real Estate Credit Strategies through the entity Cmtg Jp Finance LLC valued at $65.0 million for 1 parcel, including the tax class land not zoned residential or Manhattan below 110th Street (V1) at 517 West 35th Street in Hudson Yards. The deal closed on October 8, 2019 and was recorded on October 18, 2019.

Related Companies obtained this second mortgage, which is in addition to the $65 million mortgage Mack provided in 2018 when Related acquired the parcel for $96,000,000.

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