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CMA
October 26, 2018  

M&T Wins Loan on Brooklyn Project

M&T Bank has been picked to lead a roughly $230 million loan on a mixed-use property under development in Brooklyn.The borrower, Steiner NYC, is building a 523,000-square-foot complex of office, light-industrial and retail space in the Brooklyn Navy Yard industrial park. The specific structure of the financing package couldn’t be learned, but the developer was known to be looking for short-term, floating-rate debt.The deal is expected to...


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