LEX 47TH Closes $156m Construction Loan for Luxury Manhattan Condominium

Lex 47th Property Owner LLC has secured financing for its luxury condominium development at 131-141 East 47th Street in Manhattan.  Affiliates of Fortress Investment Group provided the $156 million loan, which closed on May 16, 2022, on the heels of the project’s recent topping off milestone.  The construction loan retired a $50...

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