New York Life Lends $303M To Client For Mortgage

Law360 (February 23, 2021, 8:18 PM EST) -- A New York Life Insurance real estate unit said Tuesday that it lent $303 million to an undisclosed institutional client with an industrial real estate portfolio containing a total 7.1 million square feet of property serving as collateral.

New York Life Insurance Co.'s New York Life Real Estate Investors arm said in a news release that the mortgage loan is backed by a portfolio of 25 distribution warehouse properties in seven markets across the United States' five regions. The loan has a floating interest rate, according to the press release. Other terms were not disclosed.

"We are very pleased with our...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!