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M&T provides $217M to refi Midtown Equities’ Empire Stores

Midtown Equities — and its partners Rockwood Capital and HK Organization — scored a $217 million loan to refinance its Empire Stores in Dumbo. M&T Bank and the Brooklyn Bridge Park Development Corporation provided the financing for 53-83 Water Street, the Commercial Observer reported. The loan consolidates and replaces $117 million in previous financing from BBPDC and includes a new $101.3 million leasehold gap mortgage, an $18.5 million building loan and a $9.1 million project […]

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