The Traderszone Network

Published in TZ Latest News 14 July, 2017 by The TZ Newswire Staff

We don’t need no stinking loans! Eichner opts out of $125M inventory financing at Madison Sq. Park Tower

Before sales picked up at Madison Square Park Tower, developer Ian Bruce Eichner was seeking a $125 million condominium inventory loan for the project. That financing is no longer needed since at least $43.9 million in sales have closed at the condo project since May, the Commercial Observer reported. The First Republic Bank was among several lenders that were considering providing the loan. Eichner will instead repay the entirety of a $340 million construction loan […]

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