Search
 

Singer and Bassuk Arranges $60.5M Loan for 17 Battery

NEW YORK CITY-A $60.5 million loan for 17 Battery Place, a 440,000-sf office building across from Battery Park, has been arranged by the Singer Bassuk Organization. Richard Bassuk says this is a very good sign of the Downtown renaissance.

By Barbara Jarvie | Updated on July 18, 2003

NEW YORK CITY- Remarking that it was a good sign for Lower Manhattan, Richard Bassuk, president of The Singer and Bassuk Organization, announced the closing of a $60.5 million loan for 17 Battery Place, a 440,000-sf commercial office building located in the financial district across from Battery Park.

“Not only were lenders willing to commit, but there was spirited competition and the lenders were pleased to participate,” Bassuk tells GlobeSt.com.

The $60.5 million first mortgage, which has an interest rate of under 4.6%, was funded by JP Morgan Chase with negotiations led by Steven Schwartz and Brian Baker, together with Patrick Ciriello, Daniel Rood, and Michael Mesard. Evelyn Savino worked closely with Bassuk on the transaction.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.