Cornachio and Twersky close on $50M Real Estate Loan

June 10, 2021 | Real Estate, Zoning & Land Use

William Cornachio and Michael Twersky closed last week on a $50 million CMBS loan received from Citi Real Estate Funding on behalf of our client. The loan is secured by mortgages on 19 multi-family residential properties located in Brooklyn Heights, Columbia Heights and the Upper West Side, all bearing New York City landmark status.

Matthew Spero and Stuart Gordon prepared the required substantive non-consolidation (bankruptcy) opinion, and Evan Rabinowitz handled title examination.

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