Hypo Real Estate Capital Corporation (HRECC) the New York-based subsidiary of Hypo Real Estate Bank International closed on a $90.25 million syndication of its construction financing for a property located at 53rd and Second Street in New York City to Landesbank Hessen-Thüringen Girozentrale on April 12.
In November 2005, Hypo Real Estate Capital Corporation closed on $180.5 million in construction financing to The Related Companies for this 137-unit condominium building.
We are pleased to continue our investment and leadership in the New York City residential market, said Evan F. Denner, Deputy CEO of Hypo Real Estate Capital Corporation. Hypo Real Estate Capital Corporation is additionally pleased to expand our group of syndication partners to involve Landesbank Hessen-Thüringen Girozentrale.
Source: Hypo Real Estate