January 1, 2019
Carlton just closed an $815 million refinancing and construction loan for 701 Seventh Avenue. This is a redux of the $600 million debt and equity deal which Carlton closed approximately 12 months ago on one of the most celebrated developments in all of Manhattan. The property will consist of 60,000 SF of retail, 125 foot LED Sign and a 50-story Edition Hotel. Carlton also introduced hotelier, Ian Schrager and his Edition brand to the 701 partnership.
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