US EditionBHI Provides $113M Refi for Conversion of Former Midtown East Hotel
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BHI Provides $113M Refi for Conversion of Former Midtown East Hotel
Yellowstone Real Estate Investments has landed a $113 million loan to refinance the former Maxwell hotel in Midtown East, Commercial Observer has learned. Yellowstone has plans to repurpose the building. Although the firm has not announced specifics, sources told CO that Yellowstone is leaning toward a multifamily conversion. BHI, the U.S branch of Bank Hapoalim (BKHYY), supplied the loan for the 541 Lexington Avenue property that Yellowstone…
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