Ronald Perelman borrows $57M from Royal Bank of Canada for townhouses in Lenox Hill transferred last year to a trust for $45M

Billionaire Ronald Perelman as borrower signed a loan agreement with lender Royal Bank of Canada valued at $57 million for 2 parcels, including the tax class single-family, mansion type (A7) at 36-38 East 63rd Street in Lenox Hill. The deal closed on December 11, 2019 and was recorded on December 19, 2019. The total debt increases from the $52 million that Wells Fargo had provided on the two buildings, by $5 million to $57 million.
The larger property contains a total of 12,882 square feet of built space while the smaller has 6,712 square feet. The last time the properties saw a transfer was December 31, 2018, when Perelman transferred the buildings into a trust, which at the time valued the larger at $41 million for 36 East 63rd Street and $3.83 million for the smaller 38 East 63rd Street.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link