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Rivkin Radler’s Cornachio and Twersky close on $50M real estate loan
POSTED JUNE 10, 2021
William Cornachio and Michael Twersky of Rivkin Radler closed on a $50 million CMBS loan received from Citi Real Estate Funding on behalf of the firm’s client. The loan is secured by mortgages on 19 multi-family residential properties located in Brooklyn Heights, Columbia Heights and the Upper West Side, all bearing New York City landmark status. Matthew Spero and Stuart Gordon prepared the required substantive non-consolidation (bankruptcy) opinion, and Evan Rabinowitz handled title examination.