The Related Companies has received a $150 million loan for the refinancing of a 52 story rental apartment building. Located at 105 Duane Street in Tribeca, the loan will consolidate a new $52.5 million gap mortgage on the property along with a $55 million loan from the city’s Housing Development Corporation and a $42.5 million mortgage from lender American Property Financing (now part of Wells Fargo). The property company acquired the 440-unit Tribeca Tower in 1993 from the DeMatteis Organizations, which built the residential tower in the early 1990s.
