GFP, Metro Loft close on $536M loan at 25 Water Street
Source:
The Real Deal
The three partners planning a 1,300-unit conversion of 25 Water Street closed the $536 million loan that’s been in the works for months. Michael Dell’s MSD Partners and Apollo Commercial Real Estate Finance provided the loan for the acquisition and redevelopment of the Financial District property, Newmark announced Thursday. The Real Deal reported in October that 25 Water Street’s developers — Jeff Gural’s GFP Real Estate, Nathan Berman’s Metro Loft and Rockwood Capital — were
- Categories:
