Stephen A. Schwarzman Of Blackstone Group Secures $550M Refinance Loan For 8 Spruce Street

The transaction involves a condo located at 8 Spruce Street in the Financial District of Manhattan. The asset comprises 773,169 square feet and consists of 899 units. The loan amount associated with this refinance transaction is $550,000,000.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $550,000,000
• Address: 8 Spruce Street
• Market: Financial District, Manhattan
• Asset Size: 773,169 SF
• Units: 899
• Lender: Eric Enderlin -NYC Housing Development Corporation
• Landlord: Stephen A. Schwarzman - Blackstone Group
• Brokers: Gary Phillips, Will Silverman, Grant Frankel & Ethan Pond - Eastdil Secured
• Loan Type: Refinance

The key individuals involved in this transaction include Eric Enderlin representing NYC Housing Development Corporation as the lender, and Stephen A. Schwarzman from Blackstone Group acting as the landlord. The brokerage team from Eastdil Secured consists of Gary Phillips, Will Silverman, Grant Frankel, and Ethan Pond, who facilitated the transaction.