Behind NYC’s billion-dollar bankroller

On a Thursday morning in March 2013, Silverstein Properties’ Marty Burger was trying to keep his cool. His meeting with three major banks to negotiate the terms of a $670 million construction loan for 30 Park Place was nearing four hours, and the parties had reached only the fourth page of a 30-page term sheet. The meeting went unfinished, and Burger left fatigued and frustrated. Hours later, he received an unexpected proposal from an English […]

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