MoFo Reps Lenders In $229M Mercedes House Financing

Law360, New York (December 15, 2011, 6:28 PM EST) -- Real estate development firm Two Trees Management Co. LLC has landed $229 million in loans to finance the construction of a 900-unit Mercedes House, an apartment complex over a Mercedes-Benz dealership in New York, according to an announcement Thursday.

Backed by Wells Fargo & Co. and JPMorgan Chase & Co., the loans will fund the second phase of construction on the 53rd Street apartment building on Manhattan's West Side, according to Morrison & Foerster LLP, the firm that represented the banks in loan negotiations.

When completed,...
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