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NEW YORK CITY-A partnership led by JDS Development Group has obtained $230 million in financing to acquire Steinway Hall at 109-113 W. 57th St. as well as recapitalize and consolidate an adjacent development parcel. A 900-foot apartment tower with retail is planned for the parcel at 105-107 W. 57th St., which JDS acquired in May from Starwood Capital Group, according to published reports.

Meridian Capital Group arranged the one-year, interest-only loan, which was provided by Annaly Capital Management, according to industry data. Meridian managing directors Aaron Appel and Moshe Majeski originated and executed the financing, which features a fixed-rate and two six-month extension options.

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