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L&L Secures Another $911M Refi at 425 Park

L&L Secures Another $911M Refi at 425 Park
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New yorkUnited statesRob lapidusLll holding companyLehman brothersSumitomo mitsui trust bankTokyu land us corporationMidtown manhattanMitsui trust bankBlackstone real estate debtTokyu landKen griffinPark avenue towerPark avenue

Sumitomo Mitsui Trust Bank Lends $911M on Citadel-Leased 425 Park

L&L Holding Company secured a $911 million loan to refinance its newly opened Manhattan office tower anchored by Ken Griffin’s Citadel.

United statesRob lapidusKen griffinSumitomo mitsui trust bankTokyu land us corporationSl firmOfficials at sumitomo mitsui trust bankLehman brothersMassachusetts mutual life insurance companyLll holding companyMidtown eastStacksource acquiredBased firmFounder equity wipedMitsui trust bankPark avenue

Security Properties and Tokyu Land Completes $78 5 Million Acquisition of 248-Unit Summit Riverside Apartments in Littleton, Colorado

SEATTLE, WA - Security Properties and Tokyu Land US Corporation purchased Summit Riverside, a multifamily property located in Littleton, CO for $78,500,000. Security Properties now owns five market-rate assets totaling over 1,500 units in Colorado, having successfully sold two prior assets in 2020 & 2021. The Property is Tokyu s first investment in the Denver MSA. Summit Riverside consists of 248 units spread out across 21 residential buildings located directly adjacent to the South Platte.

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