New York City will head into next year with a new titleholder for the largest office-to-residential financing. InterVest Capital Partners and Nathan Berman’s Metro Loft Management scored $779 million in financing for their conversion of 111 Wall Street in the Financial DIstrict, Bloomberg reported. Apollo Global Management, JPMorgan Chase and Adi Chugh’s Tyko Capital provided the financing. Additionally, InterVest and Metro Loft extended a previous loan on the project, bringing the total financing for the development up to $867 million. The financing is divided between a $700 million senior loan and $167 million in mezzanine debt, according to the Commercial […]

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