TF Cornerstone refis 3 Manhattan retail locations with $24.1M from M&T Bank

TF Cornerstone refinanced retail cooperative and condominium units at the base of three apartment buildings with a loan totaling $24.1 million. The original loans provided in 2010 totaled $29 million.
TF Cornerstone through the entity 310 East 23 Retail L.L.C. and others as borrowers signed a loan agreement with lender M&T Bank valued at $24.1 million for 8 parcels, including the tax class cooperative (D4) and containing 833 residential units at 305 East 45th Street, 7 East 14th Street, 310 East 23rd Street and others in Midtown East. The deal closed on September 30, 2020 and was recorded on October 7, 2020.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 338 residential (or hotel) units on August 28, 2012.
Over the past five years, there have been 12 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 12 renovation/alteration projects (A2) applied for with a total estimated value of $3,249,073.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link