A borrower JDS Development Group
A lender American International Group, Inc.
Start Date 2015-00-00
Is Current yes
Amount 600,000,000 USD
Goods AIG is the senior lender, while Apollo is providing a mezzanine loan. The size of each loan could not be determined, but construction loans are generally as high as about 60% of a project's value, which would put AIG's debt at about $600 million and Apollo's mezzanine loan at about $125 million.
Notes A partnership between JDS Development and Property Markets Group has received financing from AIG and Apollo Global Management to build 111 W. 57th St., a 1,438-foot-tall tower that will be the tallest residential building in the Western Hemisphere when it is completed in 2018.
Updated over 8 years ago

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