Real Estate Weekly
Image default
Deals & DealmakersDebt & Equity

Resnick takes $65M loan on 880 Third

The Singer & Bassuk Organization LLC (“SBO”)has announced today the closing of a $65 million loan for 880 Third Avenue at 53rd Street, bringing its total mortgage loan financings for Jack Resnick & Sons to more than $1.69 billion.

Andrew J. Singer, Chairman and CEO of SBO. Scott A. Singer, President of SBO, said, “Burt Resnick’s legacy is secure with this closely-knit group. SBO is especially proud to be financing the family’s properties for the third and fourth time, over a decades-long relationship.”

Other properties included in the debt arrangements have included (multiple times each) 110 East 59th Street, One Seaport Plaza, 250 Hudson Street, 315 Hudson Street, Symphony House and Gracie Mews.

Related posts

PA-based investor secures $27M loan for first Manhattan apartment buy

REW

NJ medical hub attract two more tenants

REW

$317 Million Financing Package Finalized  for Phase 1 of The Crossings at Brick Church Station Mixed-Use Project in East Orange, NJ 

REW