The Traderszone Network

Published in TZ Latest News 18 January, 2017 by The TZ Newswire Staff

DTH refis 20 Exchange Place with $269M loan

DTH Capital secured a $268.7 million loan from Berkadia to refinance their 57-story rental tower at 20 Exchange Place in the Financial District. The financing replaces a $240 million loan Natixis Real Estate Capital, made in 2014, and adds an additional $28.7 million gap mortgage. DTH completed the conversion of the historic 724,300-square-foot tower, formerly called the City Bank-Farmers Trust Building, to luxury rental apartments in 2014.

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