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Yellowstone Real Estate Investments has landed a $113 million loan to refinance the former Maxwell hotel in Midtown East, Commercial Observer has learned.  Yellowstone has not announced specific plans for the building yet.SEE ALSO: Libremax Provides $26M to Maddd Equities, Stagg Group for Bronx Land Acquisition BHI, the U.S branch of Bank Hapoalim (BKHYY), supplied the loan for the 541 Lexington Avenue property that Yellowstone acquired for $140 million last October through a foreclosure auction. In addition to the refi, loan proceeds will be used to fund tax reserves and...

Yellowstone Real Estate Investments has landed a $113 million loan to refinance the former Maxwell hotel in Midtown East, Commercial Observer has learned.  Yellowstone has plans to repurpose the building. Although the firm  has not announced specifics, sources told CO that Yellowstone is leaning toward a multifamily conversion. SEE ALSO: Lionel Messi-Led Inter Miami Nets $650M for Big Soccer Stadium BHI, the U.S branch of Bank Hapoalim (BKHYY), supplied the loan for the 541 Lexington Avenue property that Yellowstone acquired for $140 million last October through a foreclosure auction. In addition...