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.
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