A customer | One57 |
Administrative agent | Bank of America, National Association |
Amount | 700,000,000 USD |
Goods | Bank of America was the lead bank on the $700 million syndicated construction loan for One57. |
Notes | Bank of America signed on as the administrative agent — making it responsible for parceling out the funding after evaluating the project’s progress at each phase of development — and led the syndication on the loan. |