LoanCore Capital provided the debt
Alexander Levin has secured $55.5 million from LoanCore Capital to refinance his FiDi rental at One Dutch Street (Also Known As 45 John Street), according to the CO.
Financing Details: The loan consolidates and replaces $55 million in acquisition financing. It also includes a new $500,000 gap mortgage.
Flashback: Levin paid $73.6 million for the property in 2015. It spans 100,000 square feet, and contains 88 apartments. Previous owners sought to convert the rental into condos, but plans never materialized.