Maybank in $219m shariah-compliant financing deal for NY property project

Malayan Banking Bhd (Maybank) has jointly led a consortium of lenders to provide the first syndicated shariah-compliant construction financing totalling $219 million (MYR898 million) for the development of a luxury residential tower in Manhattan, New York.

The financing comprises a $174-million senior construction loan and a $45-million mezzanine loan, the bank said in a statement.

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