Chetrit, Clipper Equity & Read Property Group Refinances Construction Loan For Gramercy Square With Lender SL Green And Broker Ironhound Management

The developers at Gramercy Square have recently refinanced their construction loan for the residential condominium project located at 224-228 East 20th Street, also known as Gramercy Square. The project is being developed by Chetrit Group, Clipper Equity, and Read Property Group.

Summary of transaction details

• Property Type: Residential Condominium
• Transaction Amount: $380,000,000
• Developer/Landlord: Chetrit Group, Clipper Equity & Read Property Group
• Lender: SL Green
• Broker: Ironhound Management
• Asset Type: Residential Condominium

The refinancing deal was facilitated by SL Green, a prominent lender in the real estate industry. Ironhound Management served as the broker for the transaction.