Glenwood Scores $260M Loan For NYC Residential Tower

By Zachary Zagger (November 5, 2014, 7:59 PM EST) -- Glenwood Management Corp. has acquired a $260 million loan from the New York State Housing Finance Agency for its new, 54-story New York City luxury apartment building in Lincoln Square dubbed Hawthorne Park, according documents filed with the city Wednesday.

Glenwood Management, based in New Hyde Park, New York, took out the mortgage loan with the agency in October through one of its subsidiaries, according to loan documents filed with the New York City Department of Finance. The loan is being serviced by Wells Fargo National Bank Association, the documents show. 

The residential tower, also known as 51 Amsterdam Avenue, features...

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