Stonehenge Partners along with two Montreal-based investors have got a $402 million loan for nine properties in New York City, GlobeSt reports. The other investors are Ivanhoe Cambridge Residential and the Public Sector Pension Investment Board.
Meridian Capital Group’s managing director Abe Hirsch and CEO Ralph Herzka negotiated the deal on behalf of Stonehenge and its investors. The properties includes 1,400 multifamily units, office space and retail space spread through prime areas, such as Midtown East, Midtown West, the Upper East Side, the Upper West Side and the West Village.
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