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JMC Holdings Receives $51M Loan for Interior Design Building

New York REIT sold the property at 306 East 61st St. as part of its liquidation.

Interior Design Building The Interior Design Building, located at 306 E. 61st St.

New York City—Square Mile Capital Management provided the $51 million loan for the Upper East Side office building located at 306 East 61st St.

The financing will be used to fund JMC Holdings’ acquisition, capital improvements and leasing costs as it repositions the building as a high-end boutique office property.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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