Partner Robert D. Bickford, Jr. Quoted in Law360 Regarding $85 Million Loan Deal
The Kelley Drye Real Estate team was mentioned in the Law360 article “Kelley Drye, Goldfarb & Fleece Steer $85 Million Manhattan Loan.” The article identified partner Bob Bickford and senior associate Deborah Bilotti as representatives to AXA Equitable Life Insurance Co. in an $85 million loan to Rudin Management for an apartment building at 211 East 70th Street in Manhattan.
“It’s a beautiful Upper East Side multifamily building,” Bob Bickford told Law360. “This was actually the second time [Rudin Management has] come back [to AXA] for an advance. There’s still plenty of loan-to-value left in the building.”
AXA is a longtime client of Kelley Drye’s Real Estate practice group. Prior to this agreement, the team worked with AXA in providing a $55 million loan for the same building in 2012.
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