TD Bank provided the debt
Kahen Properties has secured a $34.5 million from TD Bank to refinance 145 Madison Avenue in Kips Bay, according to the Commercial Observer. The developer recently built a multi-family property that spans 73,221 square feet, and contains 70 apartments, plus a retail component. It’s located between East 31st and East 32nd Streets.
Financing breakdown: The new loan refreshes $22.5 million in construction debt provided by the same lender in 2016. It also includes $12 million in new financing.