Shearman & Sterling, Greenberg Traurig Steer $62M NYC Loan

Law360 (January 22, 2020, 3:52 PM EST) -- Shearman & Sterling represented a real estate lending arm of AllianceBernstein in connection with a $62 million loan to Greenberg Traurig-counseled RFR for a property on Park Avenue South in Manhattan, according to records made public in New York on Wednesday.

The loan from AllianceBernstein LP's AB Commercial Real Estate Debt-B2 SARL is for 281 Park Ave. S., and of the $62 million figure, $10 million is new debt for the property and the remainder is a refinancing of preexisting debt.

The landmark building, designated in public records as a religious structure, is the Church Missions House, which has been converted...

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