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Cherit, Stellar land $714 Million Refi for UES Luxury Buildings

On Friday, May 13, 2022, Meister Seelig & Fein LLP Real Estate Partner & Co-Chair, Scott Newmark, co-represented a joint venture between MSF’s client Stellar Management and the Chetrit Group in connection with a $714 million refinancing of Yorkshire Towers and Lexington Towers, two luxury buildings on the Upper East Side. As per The Real Deal, “The developers secured the CMBS loan for Yorkshire Towers at 305 East 86th Street and Lexington Towers at 160 East 88th Street from a collection of lenders, including Citigroup, BMO Harris Bank and Starwood.” To read the full write-up in TheRealDeal, click here. https://lnkd.in/gqyHnYAi