$50 Million Credit Facility Secured by Artworks
Represented a commercial bank as a participant in a $50 million credit facility secured by artworks.
Matters
$50 Million Credit Facility Secured by Artworks and Real Estate
Represented a commercial bank as a participant in a $50 million credit facility secured by artworks and real estate.
Metropolitan Commercial Bank – $17 Million Mortgage Loan – Long Island City, NY
Represented Metropolitan Commercial Bank in a $17 million dollar loan for a property located at 9-03 44th Road, Long Island City, New York. Among other things, the deal involved working with the ground lessor, the NYC Industrial Development Agency and the preferred equity investor.
Bank Leumi – $130 Million Manhattan Mortgage Loan
Represented Bank Leumi USA on a $130 million construction loan secured by a property located at 306-314 East 86th Street in Manhattan. The borrower intends to construct a 20-story luxury condominium apartment building containing approximately 146,640 gross square feet of space consisting of 68 residential units with a ground floor retail.
Bank Leumi USA – $80 Million Construction Loan – Long Island City
Herrick represented Bank Leumi USA on an $80 million construction loan secured by property located at 27-01 Jackson Avenue, Long Island City.
$60 Million Manhattan Retail Acquisition and Leasehold Financing
Represented a developer in forming and capitalizing a purchaser, and in the $60 million acquisition and leasehold financing of a master lease of the retail space at 1657 Broadway, Manhattan.
Mezzanine Lenders – $25 Million Facility
Represented mezzanine lenders in a $25 million secured agented mezzanine facility to a Texas developer. Proceeds of the loans were applied to acquire and develop land in Horseshoe Bay, Lano, and Burnet, Texas.