NEW YORK CITY-One of the first condo-ops in the Upper East Side has obtained $1 million in unsecured line of credit and $24 million in senior underlying co-op loan. The financing deal for the Royal York, a 12-story, 494-unit development near York Avenue between 63rd and 64th streets, was signed for seven years with a fixed-rate of 3.96%.
A local savings bank provided the loan and Allan Lieberman with Meridian Capital negotiated the deal.For the full story, go to New York Observer.
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