Ferrini’s Client Moinian Secures Financing for 605 West 42nd Street

GlobeSt.com announced that Olshan client the Moinian Group has closed its deal with the Bank of China to provide $550 million in HFA credit enhancement bonds to pay for the construction of Moinian’s 60-story rental building at 605 West 42nd Street, poised to be the one of the largest apartment buildings in New York City. The financing will be in the form of low-interest rate bonds with a four-year term. The Real Deal also announced details of the loan and the project earlier this summer. Partner Alexander Ferrini is representing the Moinian in connection with the construction of the project.