Katten Helps With $89M Manhattan Hotel Loan

Law360 (October 27, 2020, 5:04 PM EDT) -- Singapore-based OCBC Bank has loaned $89 million for a hotel on West 39th Street in Manhattan and Katten Muchin Rosenman LLP worked on the matter, according to records made public Tuesday.

The loan from Oversea-Chinese Banking Corp. Ltd. is for the Element New York Times Square West at 311 W. 39th St., and the borrower is Singapore-based limited liability company SM Ascott LLC.

A mortgage document made public Tuesday indicates that Andrew Jagoda, who co-chairs Katten's New York real estate group, worked on the deal, although it was not immediately clear what role he played. Jagoda declined to comment Tuesday....

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