The Moinian Group, a prominent real estate development company, has recently secured a refinancing loan for their development site located at 102-110 John Street in the Financial District. The loan, amounting to $58,000,000, was provided by MSD Partners, a renowned lender in the industry. This prime development site boasts a building square footage (BSF) of 14,258 and is zoned for the construction of 250 residential units.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $58,000,000
• Address: 102-110 John Street
• Market: Financial District
• Asset Type: Development Site
• BSF: 14,258
• Units: 250

This loan transaction was facilitated by Joseph Moinian and Gregg Lemkau, whose expertise and negotiation skills played a vital role in closing this deal. The Moinian Group, led by Joseph Moinian himself, is the landlord of this prime development site. MSD Partners, on the other hand, acted as the lender. This successful refinancing deal highlights the Moinian Group's commitment to financing their ongoing development projects in the Financial District.