Fried Frank advises borrower in $720 million loan

Manhattan, NY Fried Frank advised the borrower in connection with Madison Realty Capital’s $720 million loan origination to finance a joint-venture between Metro Loft Developers and David Werner Real Estate Investments for the development and conversion of the former Pfizer headquarters, located at 219 and 235 East 42^nd St., consisting of two adjacent and connected office buildings, to be converted into a 1,602-unit multifamily building.

The Fried, Frank, Harris, Shriver & Jacobson LLP team was led by partner and co-chair of the firm’s real estate department Michael Werner and included associates Julian Henry and Loren Naftali.

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