September 20, 2017
$616 Million Structured Finance For The Acquisition And Pre-Development Financing For The Park Lane Hotel
Carlton represented one of New York’s most successful developers and their Malaysian partner in the acquisition of this iconic property. This was a record breaking deal on Central Park South where the borrower intends to take advantage of the Park Lanes superior views and location. Carlton accessed a balance sheet lender which provided a very generous first mortgage amount given the current in place NOI.
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