Posted May 10, 2016, 3:01 PM
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Vornado, Oxford revealed as lenders on HFZ’s High Line project
Developers partnered with SL Green on $138.2M mezzanine financing
May 10, 2016
Konrad Putzier
Quote:
Vornado Realty Trust and Oxford Properties Group, along with SL Green Realty, are mezzanine investors in HFZ Capital Group’s Bjarke Ingels-designed condo development 76 11th Avenue, according to SL Green’s quarterly report.
The three companies add to the growing list of developers issuing mezzanine loans to their peers, filling a void left as some traditional lenders retreat from condo construction financing.
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