6 Firms Steer $325M Loan For Extell's NY Apt. Project

Law360, New York (April 9, 2015, 3:52 PM EDT) -- Extell Development Co. affiliates have closed on a $325 million bond-backed loan package for a Manhattan luxury apartment and retail building, as part of a complex deal that tapped at least six law firms to represent the parties, according to city records made public Wednesday.

With guidance from Katten Muchin Rosenman LLP and Holland & Knight LLP, Extel affiliates that own 555 10th Ave. secured the package — which includes a $195.4 million building loan and a $129.5 million project loan — from the New York State Housing Finance Agency last month, according to New York City Department of Finance records....

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