Milbank helped with a $ 125 million mortgage to buy a hotel in Manhattan

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Law360 (Jul 9, 2021, 6:12 pm ET) – C-III Capital Partners received a $ 125 million mortgage for its recent purchase of a 725-room hotel in Manhattan as part of a deal led by Milbank, according to published reports. in New York on Friday.

The mortgage from HPS Investments Partners LLC to a legal entity affiliated with Texas-based C-III Capital is for the Lexington Hotel at 511 Lexington Ave. Records filed in New York on Friday show that Yaakov Sheinfeld, a partner at Milbank LLP in New York, was working on the mortgage deal, although it was not immediately clear what role he played.

Sheinfeld could not be reached for comment …

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