The ALS Team congratulates, our client, L&L Holding Company on completing $9111.4 million financing on the iconic 47-story office tower at 425 Park Avenue.  The finance package, obtained through a consortium of lenders led by Blackstone Real Estate Debt Strategies, replaces 425 Park’s original construction loan and will cover the final stages of the project, including full lease-up, prior to being replaced by permanent financing.  

We are proud to have had the opportunity to support risk management needs of L&L Holding Company on this project! 

As we are preparing to sit down with family and friends to celebrate Thanksgiving, we wanted to take a moment and share some of what the ALS Team is thankful for the 2021 holiday season: 

Mother’s Day is a special day to honor all moms and while we honor our own moms, we wanted to give a shout out to all of the moms who are part of our team!

As most of this year’s holidays, Thanksgiving is completely different for, pretty much, all of us. This year has certainly tested us all. As risk managers, we usually address risks and suggest mitigation strategies in most of our blogs. This year, however, we decided to look at the positives and think about what we are thankful for during this, strange Thanksgiving holiday.