Newmark Arranges $535.8 Million Acquisition and Redevelopment Financing for US' Largest Ever Office-to-Residential Conversion

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Newmark Arranges $535.8 Million Acquisition and Redevelopment Financing for US' Largest Ever Office-to-Residential Conversion

NEW YORK, Dec. 22, 2022 /PRNewswire/ — Newmark has arranged a $535.8 million loan on behalf of GFP Real Estate (“GFP”), Metro Loft Management and Rockwood Capital for the acquisition and redevelopment of 25 Water Street. 25 Water Street is a 22-story, 1.1 million-square-foot office building in New York City’s historic Financial District. The Newmark team […]

The post Newmark Arranges $535.8 Million Acquisition and Redevelopment Financing for US’ Largest Ever Office-to-Residential Conversion appeared first on The Black Chronicle.

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