GFP, Metro Loft close on $536M loan at 25 Water Street – Robert Khodadadian

, GFP, Metro Loft close on $536M loan at 25 Water Street – Robert Khodadadian, Robert Khodadadian

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. reported in October that 25 Water Street’s developers — Jeff Gural’s GFP Real Estate, Nathan Berman’s Metro Loft and Rockwood Capital — were

 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. reported in October that 25 Water Street’s developers — Jeff Gural’s GFP Real Estate, Nathan Berman’s Metro Loft and Rockwood Capital — were
The post GFP, Metro Loft close on $536M loan at 25 Water Street appeared first on New York.  Development, Home Page, Commercial Real Estate, Financial District, GFP, metro loft management, Office conversions, Real Estate Finance, rockwood capital The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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