Manhattan’s 10 Largest CRE Loans Reached $1.95B in March

The commercial mortgage-backed securities market produced the month’s largest loan for the fifth time since September, as Manhattan’s lending activity throughout March 2021 totaled $1.95 billion spread across the 10 largest real estate loans recorded. One Park Avenue was refinanced by a $525 million single-asset CMBS, representing the largest recorded loan during the 31-day period, with the $86 million refinancing of the Central Harlem Dunbar Apartments falling into the number 10 spot.