LCOR Scores $110M In Financing To Upgrade NYC Condos

Law360, New York (October 22, 2013, 6:27 PM EDT) -- Real estate developer LCOR Inc. has received a $110 million boost in financing for its plan to complete a condominium renovation at the 25 Broad St. building in Manhattan's Financial District as the property emerges from years of distress driven by the 2008 financial crisis, mortgage banking firm HFF LP said Monday.

HFF helped secure the permanent financing for LCOR, which purchased the historic former Broad Exchange Building last year after mogul Kent Swig's 25 Broad LLC defaulted on the property. LCOR reportedly paid $170 million...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.