Developer DTH Capital said it will complete the long-awaited conversion of the landmark Financial District building at 20 Exchange Place into a full residential tower, after obtaining $240 million in financing.
Andrew Singer of Singer & Bassuk Organization served as the broker for the loan, which Natixis Real Estate Capital provided. The conversion at the Lower Manhattan property, formerly called the City Bank-Farmers Trust Building, is largely complete. A group of lenders including German commercial bank Helaba provided a $256.5 million construction loan in 2006. [more]