Olayan Group nabs $800M loan for 550 Madison
The Olayan Group locked in an $800 million loan for its revamped Midtown office building, better known as the Sony building. ING Capital added $230 million of new debt to the existing $570 million loan balance on 550 Madison Avenue, according to property records. ING issued the original loan in 2016
City environmental agency relocates next to polluted waterway
New York City’s Department of Environmental Protection found a fitting home in Long Island City. Through the Department of Citywide Administrative Services, DEP signed a lease for 155,000 square feet at Innovo Property Group’s 24-02 49th Avenue, the Commercial Observer reported. The agency will use
What Is a USDA Loan For a House? How to Find and Buy a USDA-Eligible Home
USDA loans offer no down payment and low interest rates to help low- to moderate-income families buy homes in eligible rural areas. The post What Is a USDA Loan For a House? How to Find and Buy a USDA-Eligible Home appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.
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