Kasowitz Represents Axonic Capital in Refinancing of Shopping Center in New York’s Hudson Valley

Kasowitz represented Axonic Capital, a leading investment firm headquartered in New York with over $6.2 billion in assets under management (AUM) with a focus on the structured credit and commercial real estate sector, in extending a $27 million mezzanine loan to Pyramid Management Group for the Galleria at Crystal Run, the second largest mall in New York’s Hudson Valley region with 1.1 million square feet.  GreenBarn Investment Group provided a $81 million mortgage loan for the property.

The Kasowitz team representing Axonic Capital was led by real estate transactions partner Darwin Huang and includes associates Kathleen M. Maurer and Jason Re.

Select news coverage:

• Shopping Center Business: Pyramid Management Obtains $81 Million in Financing for The Galleria at Crystal Run in Middletown, New York
• Commercial Real Estate Direct: Lending Group Provides $81Mln of Financing for Shopping Mall in N.Y.’s Hudson Valley