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ING Real Estate Finance Refis Tower for $100M

NEW YORK CITY-ING Real Estate Finance has closed on $100 million in refinancing for 142 W. 57th St., the BlackRock-owned property known as Metropolitan Tower.

By Carl Gaines | Updated on May 23, 2011

NEW YORK CITY-ING Real Estate Finance announced Monday that it has closed on $100 million in refinancing for Metropolitan Tower. BlackRock owns the class A building, located at 142 W. 57th St., in a joint venture with L&L Holding Co.

“This loan transaction continues our proven strategy of lending to established borrowers for office assets that have strong cash flow and are located in highly desirable business districts,” ING Real Estate Finance managing director Michael E. Shields says in a release.

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