J.P. Morgan Chase wrote a $20 million mortgage on a $45.1 million apartment at the Plaza last week, which on a small scale means the owner is likely cashing out, but what about the bigger picture: "Some experts say that the fact that Chase gave a loan of such size for a residential unit is an indication that the bank believes high-end residential properties remain solid investments." [Real Deal]For more stories from Curbed, go to curbed.com.
Copyright CURBD
