Yeshiva lands $140M loan from Argentic, Citi for five Manhattan properties

Mortgage refinances buildings in Washington Heights, Murray Hill

New York /
Apr.April 26, 2017 06:59 PM

Yeshiva University refinanced five Manhattan properties with a $140 million mortgage from debt fund manager Silverpeak Argentic and Citigroup’s Citi Real Estate Funding, property records filed with the city Wednesday show.

The new loan on 2495 and 2520 Amsterdam Avenue in Washington Heights and 215, 245 and 253 Lexington Avenue in Murray Hill replaces $175 million in taxable bonds serviced by UMB Bank that had $125 million in unpaid principal outstanding.

Yeshiva took out the bonds in August 2014. At the time, the private orthodox Jewish school was reeling from a $105 million loss to Bernie Madoff’s Ponzi scheme and sold several buildings to raise cash.

The properties are home to Yeshiva College and Stern College for Women. Representatives for Yeshiva did not immediately respond to a request for comment, and Argentic and Citi declined to comment.


Related Articles

arrow_forward_ios
Citigroup CEO Michael Corbat (Credit: Getty; iStock)

Doublewide cubicle? Citigroup eyes suburban offices so workers can spread out

Doublewide cubicle? Citigroup eyes suburban offices so workers can spread out
Nightingale’s Eli Schwartz and 111 Wall Street (Credit: Google Maps)

Nightingale partnership closes on $175M purchase of 111 Wall

Nightingale partnership closes on $175M purchase of 111 Wall
Extell Development chairman Gary Barnett with 555 Tenth Avenue and 524 East 14th Street (Credit: Barnett by Anuja Shakya, 555ten and StreetEasy)

Extell scores $700M refi for three Manhattan buildings

Extell scores $700M refi for three Manhattan buildings
Anna Castelini and 601 Lexington Avenue (Credit: LinkedIn and Andrew Moore via Flickr)

DeKalb Market Hall creator bringing new food hall to Midtown

DeKalb Market Hall creator bringing new food hall to Midtown
Wells Fargo, JPMorgan Chase and Citigroup each recorded a rise in second quarter profits in their consumer divisions (Credit: iStock)

Banks see uptick in mortgages, but remain wary ahead of potential Fed interest rate cut

Banks see uptick in mortgages, but remain wary ahead of potential Fed interest rate cut
Bill de Blasio and Vicki Been and One Court Square (Credit: Getty Images and Wikipedia)

NYC is on the hunt for an Amazon replacement in Queens

NYC is on the hunt for an Amazon replacement in Queens
Richman Group lands $189M for massive East Harlem project

Richman Group lands $189M for massive East Harlem project

Richman Group lands $189M for massive East Harlem project
Citigroup downsizing will leave big void at One Court Square

Citigroup downsizing will leave big void at One Court Square

Citigroup downsizing will leave big void at One Court Square
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...