Nesenoff: Stellar Refinances The Paris with Helaba for $125,000,000


Stellar Management completed a refinancing of The Paris, a luxury rental building located at 752 West End Avenue on the Upper West Side. The $125 million loan package was financed by Helaba, a leading German bank active in US real estate lending, and replaced a previous loan from Capital One. The loan marks the second financing between Stellar Management and Helaba since August of this year. The deal was brokered by Cushman & Wakefield. Stellar Management was represented by Nesenoff & Miltenberg LLP while Helaba Bank was represented by Dentons US LLP. “Refinancing The Paris represents Stellar Management’s dedication to quality and excellence throughout our portfolio,” said Matthew Lembo, chief investment officer and principal at Stellar Management. “We’re especially excited to have closed another successful financing with Helaba Bank.”

Click to view article