Gibson, Rosen Livingston Guide $61M NY Condo Loan Deal

By Andrew McIntyre (September 29, 2015, 2:46 PM EDT) -- Gibson Dunn represented Deutsche Bank AG in connection with restructuring more than $61 million in debt at a midtown Manhattan condo tower, while Rosen Livingston & Cholst LLP represented the borrower, according to records filed Monday in New York.

Records show that the property, called 135W52 and located on 52nd Street between Sixth and Seventh avenues, now has a building loan just north of $61 million and a project loan of $441,650 thanks to the debt-reshuffling.

Developed by Chetrit Group LLC and Clipper Equity LLC, the property also still has a senior loan of upward of $147 million, according to Deutsche's...

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