Arnold & Porter Guides LoanCore REIT On $182M NYC Loan

Law360 (September 11, 2018, 6:32 PM EDT) -- Arnold & Porter represented LoanCore Capital Credit REIT LLC in connection with its $182 million loan to Katsky Korins LLP-counseled APF Properties LLC for the real estate company's recent purchase of an office tower on Madison Avenue in Manhattan, according to records made public in New York on Tuesday.

The loan is for 183 Madison Ave., and of that $182 million figure, $8.6 million is new capital for the property while the rest is assumption and refinance of existing debt at the building.

APF Properties recently bought the 274,413-square-foot property for roughly $219.9 million. While news of the loan hit public...

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