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New York City's Life Sciences Boom Appeals to Lenders

Verbena's 209-Unit Lanthian Apartments Gets $103 Million Loan Following Luxury Repositioning
Landlord Verbena Road Holdings has refinanced its 22-story corner apartment building New York City. (CoStar)
Landlord Verbena Road Holdings has refinanced its 22-story corner apartment building New York City. (CoStar)
By Diana Bell
September 11, 2019 | 7:02 P.M.

Asset manager Verbena Road Holdings landed a $103 million loan for The Lanthian, its 209-unit apartment tower in New York City, that highlights the Kips Bay neighborhood’s emergence as one the country’s top markets for biopharmaceutical and medical research.

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