News & Noteworthy

Deal Announcement - Bruce Bronster, David Glanz and Dalila Best Close $50 Million First Mortgage Loan for Major Real Estate Developer
JULY 24, 2012

Partners Bruce Bronster and David Glanz and associate Dalila Best have negotiated and closed a $50,000,000 first mortgage loan on the premier office building in the Murray Hill-Kips Bay neighborhood of Manhattan. The firm represents The Moinian Group, an affiliate of the owning entity of the building and one of New York City's most well-known real estate developers, and is proud to have negotiated favorable changes in the loan documents regarding the leasing and operation of the building and reduction of third-party closing costs. The firm also assisted the client in responding to highly detailed due diligence and underwriting requirements of the lender.

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