There were getting scarce in the past few years, and their coming back is a strong indicator that real estate professionals are believing in the sustainability of the ongoing market recovery. A key player, Starwood, is closing on a $450 million loan to Related new development – Hudson Yard. This loan follows the precedent $86 and $475 million loans provided by Starwood to 2 other projects – The Charles Condominium at 1355 first Avenue and the Times Square Gateway at 701 Seventh Avenue.
http://therealdeal.com/blog/2013/02/15/starwood-to-loan-related-450m-for-hudson-yards/
Fred M. On Real Estate 