GFP Real Estate, Metro Loft land $835M refi at 25 Water Street
GFP Real Estate, Metro Loft and Rockwood Capital started the year by launching leasing at 25 Water Street. They’re ending it with a nine-figure financing package for the historic office-to-residential conversion. Apollo and GIC provided an $835 million debt package to refinance the 1,320-unit building in the Financial District, the Commercial Observer reported. Leasing began at the former 1.1 million-square-foot office property — dubbed SoMA for South Manhattan — in the last days of January and move-ins began the following month. A Newmark team including Jordan Roeschlaub, Chris Kramer and John Caraviello negotiated the debt. The last major financing at […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Building Materials One Key To Disaster Resistance
Can I Use My 401(k) to Buy a House? (What Might Be
Changing)
A Look at Google’s Attempt to Control the Real Estate
Market
A Key Stat Just Crossed a Major Milestone—And It Could Have
a Major Impact on the Housing Market
A&E to pay city $2.1M to settle violations across 14
buildings
Gotlib says “secret recording” undercuts widow’s claim she
was tricked out of Black Spruce stake
Summit confirmed as Pinnacle buyer, ending fight with
Mamdani
Are Big Investors Really Buying Up All the Homes? Here’s the
Truth.
The #1 Regret Sellers Have When They Don’t Use an
Agent
The Credit Score Myth That’s Holding Would-Be Buyers
Back
