Email Page Print Friendly Page Contact
experience: matters
Bank Leumi - Mortgage Financing
2010

Represented Bank Leumi in its $210 million mortgage financing to a joint venture between Israel-based IDB Holding Corp. and Midtown Holdings, for the purchase of the HSBC Tower located at 452 Fifth Avenue.  Completed in April 2010, the financing was part of a $350 million sale-leaseback transaction with HSBC Bank USA.  This transaction was notable, in that it was the first major non-distressed office building sale in Manhattan in more than two years.