SL Green grabbed financing for its acquisition of Park Avenue Tower, but not without putting down a significant amount of money itself. The office landlord scored a $480 million mortgage to finance the $730 million purchase of 65 East 55th Street in the Plaza District, Crain’s reported. Wells Fargo, JPMorgan Chase and Bank of America are providing the debt, according to Commercial Real Estate Direct. Marc Holliday’s firm is expected to make a $270 million down payment to secure the loan,  equivalent to about 36 percent of acquisition’s total financing. The figure represents a significant increase on the down payment […]

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