Posted Jun 17, 2021, 9:18 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,918
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https://www.pincusco.com/china-ocean...fidi-dev-site/
China Oceanwide modifies $169M loan with DW Partners for FiDi dev site
June 17, 2021
Quote:
China Oceanwide Holdings through the entity Oceanwide Center NY LLC as borrower signed a loan modification with lender DW Partners through the entity DW 80 South LLC valued at $169 million for two properties including the industrial (E9) at 163 Front Street in Financial District, Manhattan and office building (O2) at 80 South Street in Financial District, Manhattan.
The deal closed on May 22, 2021 and was recorded on June 16, 2021.
The developer is proposing an 818,000 square feet supertall project, which yields a loan value of $206 per square foot.
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