The The Real Deal reports that Silverstein properties has attained $800M in loans from Deutsche Bank (which itself has been in the news lately) towards the over $1 billion price tag for his purchase of the 2.6 acre assembly of ABC properties on the Upper West Side.
The Real Deal expects the block to be demolished and also cites that ABC will likely be in a sale/lease-back scenario for months, and potentially years to come.
Follow all updates to this issue at: www.landmarkwest.org/abc