Westchester Business Journal: Westchester Attorney, Jeffrey Buss, is Instrumental in $621.5M Refinancing
A Westchester attorney whose firm is based in Yonkers was instrumental in coordinating a real estate refinancing so significant that it was announced jointly on April 28 by New York Gov. Kathy Hochul, U.S. Senate Majority Leader Chuck Schumer, Congressman Jamal Bowman and U.S. Housing and Urban Development (HUD) Secretary Marcia Fudge.
Even without the fanfare from Albany and Washington, the dollar value of the deal was enough to make people sit up and take notice: $621.5 million. In addition, this was the second time the attorney shepherded putting in place a $621.5 million financing package for the property. Topping it off is that the refinancing makes it possible to spend $124 million on repairs and upgrades for an iconic residential property.
The property is Co-Op City in the Baychester section of the Bronx, and the attorney is Jeffrey Buss, founding member of the law firm Smith Buss & Jacobs LLP, which is based in Yonkers and also has offices in Manhattan and Garden City. Buss has for the past 16 years served as general counsel for Co-Op City’s legal entity, Riverbay Corporation. Riverbay, or Co-Op City, has 15,372 residential units that are home to more than 45,000 people. Co-Op City is easily visible to drivers on the Hutchinson River Parkway and Interstate 95, as well as being so big it’s an easy landmark for flights into and out of LaGuardia Airport.
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