Newmark Brokers Secure $535.8M Construction Loan For 25 Water Street Office Building In NYC

The office building located at 25 Water Street in New York City has been involved in a recent transaction. The property, owned by Jeff Gural, Brian Steinwurtzel, Tom Ortinau from GFP Real Estate, and Edmon Kavounas from Rockwood Capital, has undergone a loan deal.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $535,800,000
• Market: New York City
• Lender: Marc Rowan - Apollo Global Management & Michael Dell - MSD Capital
• Landlord: Jeff Gural, Brian Steinwurtzel, Tom Ortinau - GFP Real Estate; Edmon Kavounas - Rockwood Capital
• Brokers: Jordan Roeschlaub & Dustin Stolly - Newmark
• Loan Type: Construction

The loan was provided by Marc Rowan from Apollo Global Management and Michael Dell from MSD Capital. They played a significant role in financing the deal. The brokers involved in the transaction were Jordan Roeschlaub and Dustin Stolly from Newmark.