Ackman-Ziff Real Estate Group Secures $326 Million Construction Loan For Hotel To Condominium Conversion In New York City

The asset involved in this transaction is a hotel that is being converted into condominiums, located in New York City. The debt amount for this project is $326,000,000, and it is classified as a construction debt.

Summary of transaction details:

• Property Type: Hotel to Condominium Conversion
• Transaction Amount: $326,000,000
• Debt Type: Construction
• Market: New York City
• Broker: Ackman-Ziff - Ackman-Ziff Real Estate Group

The key player facilitating this transaction is Ackman-Ziff Real Estate Group, representing the interests of the involved parties in the construction debt deal for the hotel-to-condominium conversion project.