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AIG Lends $110Mln Against Manhattan Office Building at 150 Broadway
AIG Investments has lent $110 million against the 266,427-square-foot 150 Broadway in lower Manhattan. The loan is being used to replace, through defeasance, $60 million of CMBS debt that isn't slated to mature for another 16 months.
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
