Chinese Developer Sticks Hell s Kitchen Condos in Bankruptcy therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
Kriss Capital has provided a $45 million condo inventory loan to Xin Development Group, the developer of the Oosten/ The Reserve, a collection of luxury new condo units, lofts and townhomes available at the South Williamsburg waterfront development. Vanadium Realty LLC, a Manhattan-based real estate development and investment firm, headed by real estate veteran Stephen.
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From left: 410 Tenth Avenue, 100 Park Avenue, 230 East 20th Street, 30 Morningside Drive, SL Green’s Marc Holliday (Photos via Google Maps, Getty, Gramercy Square, 30 Morningside Drive/Illustration by Kevin Rebong for TRD)
The 10 largest Manhattan loans recorded in January totaled $1.95 billion, a 7 percent decrease from December’s total.
For the first time, the top loan of the month was for an acquisition that went into contract during the pandemic: a hefty CMBS loan that 601W Companies secured for its $953 million purchase of SL Green’s 410 Tenth Avenue. The remainder of the top 10 included one other acquisition loan and a construction loan, while the rest were refinancings.