Commercial Observer Mack Real Estate Credit is offering for sale the $53.7 million senior and $31.3 million mezzanine loan against the development site at 545 West 37th St. in Manhattan’s Hudson Yards neighborhood. The financing was provided by Mack and JPMorgan Chase Bank in 2019, but Mack eventually took sole ownership. It has hired Newmark to […]

The post Mack Real Estate Offers $85Mln Defaulted Loan on Manhattan Development Site appeared first on Commercial Real Estate Direct.