Moin Development has landed a $126.7 million loan for the refinance of Mondrian Park Avenue hotel. Located at 444 Park Avenue South, the floating-rate funding will be used to consolidate and replace the $109 million loan that Fortress Investment Group provided. The 20-story, 190 room property is located at 444 Park Avenue South, which opened in October after a conversion and expansion of the 15-story former office building on the site. Moin Development bought the site in 2011 for $45 million. HFF’s Evan Pariser and K.C. Patel represented Moin in the financing.
