Sterling National Bank Lends $53M on 2 Manhattan Residential Assets
Press
Source:
Commercial Observer
9.10.2021
103-105 MacDougal Street. Photo: NewMark
By Mack Burke
Sterling National Bank has originated $53 million in debt to finance two pre-war residential properties in Manhattan owned by Meadow Partners, Commercial Observer has learned.
Meadow secured $27 million in debt to refinance its residential property at 426-430 East 14th Street in the East Village, and the firm also nabbed a $26 million refinance of 103-105 MacDougal Street in Greenwich Village, according to sources familiar with the two transactions. Meadow is partnered with New York-based owner and operator Davean Holdings on the latter deal.
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