Post by Daniela R.

Manhattan Condominium market is getting even more interesting. South Korean lender Meritz Securities has officially entered the New York condo market by extending a $350 million loan to Ceruzzi Properties on the recently completed 138 East 50th Street: "The Centrale." The loan will retire $300 million in previous construction debt to Madison Realty Capital and mark the first time in history that a South Korean lender has entered NYC's condo inventory debt space.