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

Mortgage refinances buildings in Washington Heights, Murray Hill

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

Yeshiva’s Stern College and Silverpeak Argentic’s Doug Tiesi

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
Anna Castelini and 601 Lexington Avenue (Credit: LinkedIn and Andrew Moore via Flickr)

DeKalb Market Hall creator bringing new food hall to Midtown

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

NYC is on the hunt for an Amazon replacement in Queens

Richman Group lands $189M for massive East Harlem project

Citigroup downsizing will leave big void at One Court Square

White House attorneys investigating whether loans to Kushner Companies violated law: report

Kushner lands $200M Citigroup loan for Trump Bay Street

Barclays, Citi provide CIM with loan to buy
16 Court St.

arrow_forward_ios