Moinian restructures $550 million in debt

January 06, 2010 04:25PM

Embattled developer Joseph Moinian has restructured the debt on three of his Downtown properties, 180 Maiden Lane, the Ocean Residences at 1 West Street, and 17 Battery Place. In total, the restructuring covers about $550 million in debt. His firm, the Moinian Group, renegotiated the $340 million mortgage and mezzanine loans on 180 Maiden Lane, while nabbing a $130 million first mortgage on the Ocean Residences and a loan extension on the Battery Place property, Bloomberg reported. [Crain’s] and

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