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Himmel + Meringoff Recaps 525 West 57th Street

Summary by Commercial Observer
Himmel + Meringoff Properties just completed a significant recapitalization of its mixed-use building at 525 West 57th Street, Commercial Observer can first report  Life insurance company Delaware Life provided a $93 million first mortgage in the deal, while Himmel + Meringoff co-Managing Partners Leslie Himmel and Stephen Meringoff infused additional equity.  The new capital will be used to complete construction of 50,000 square feet of medical…
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Commercial ObserverCommercial Observer

Himmel + Meringoff Recaps 525 West 57th Street

Himmel + Meringoff Properties just completed a significant recapitalization of its mixed-use building at 525 West 57th Street, Commercial Observer can first report  Life insurance company Delaware Life provided a $93 million first mortgage in the deal, while Himmel + Meringoff co-Managing Partners Leslie Himmel and Stephen Meringoff infused additional equity.  The new capital will be used to complete construction of 50,000 square feet of medical…

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Commercial Observer broke the news in on Thursday, April 3, 2025.
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