Paul Hastings, Kaye Scholer Steer $90M NYC Financing
New York partner Andrew Perel was mentioned in a January 28 Law360 article about Paul Hastings representing Lightstone Group in connection with its $90 million in new financing for a pair of Garment District properties from Square Mile Capital Management LLC, which was represented by Kaye Scholer.
Lightstone received the financing for properties at 481 Seventh Ave. and on West 36th St. The 36th Street location is vacant land while 481 Seventh Ave. is a commercial property. With the assignment of existing mortgages on the properties and the new financing, Lightstone’s total mortgage with Square Mile is $115 million.
Andrew represented Square Mile on environmental matters.