Doronin, Aman Group land $285M development loan for Crown Building

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Vladislav Doronin’s OKO Group and its partner Aman Group landed a $284.5 million loan from Cain International to fund the conversion of the Crown Building’s upper floors into apartments and a hotel..

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Doronin, Aman Group land $285M development loan for Crown Building UK-based investment firm Cain International is the lender . From left: Jonathan Goldstein, the Crown Building at 11 W 56th Street, and Vladislav Doronin (Credit: CityRealty)

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Cain International has joined a billion-dollar refinancing of Fifth Avenue’s Crown Building with a $284.5 million contribution. renaming it Brookfield Properties Retail Group. Shvo, for his part,

The deal was the first transaction in Atlanta for Terra Firma Capital Corp., which has done deals in Savannah and Jacksonville, Fla.

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The move to Bryant Park is being funded by Apollo’s exit from the Crown Building at 730 Fifth Avenue. Aman Resorts’ Vladislav Doronin, who bought the building’s office floors in 2015, has been buying.

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The “crown” of the building – which is being converted into a condominium and an Aman-branded hotel by Russian developer Vladislav Doronin – will span nearly. Floor plans obtained by The Real Deal.

Meridian Capital Group, America’s most active dealmaker, arranged $19 million in ground-up construction financing for the development of Element88, a 33-unit residential condominium project located in Williamsburg, Brooklyn, on behalf of development firms RYBAK Development and BK Developers.

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