Polsinelli Guides KeyBank's $110M Manhattan Loan

Law360 (December 10, 2019, 5:06 PM EST) -- Polsinelli PC represented KeyBank in connection with a $110 million loan from the bank for a property on Park Avenue South in Manhattan, according to records made public in New York on Tuesday.

The loan from KeyBank NA is for 444 Park Ave. S., and, of the $110 million figure, $20 million is new financing for the property while the remainder is an assumption and refinancing of existing debt at the property.

The property includes the Mondrian Park Avenue hotel, a 190-room hotel that Moin Development Corp. recently completed, although it wasn’t immediately clear Tuesday whether the latest round of financing...

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