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Newmark Arranges $985 Million Financing for Manhattan Condo Project
2024-08-23 01:35
01:35 PM EDT, 08/22/2024 (MT Newswires) -- Newmark Group (NMRK) said Thursday it arranged a $985 million loan for Zeckendorf Development, Atlas Capital Group, and Baupost Group to finance the construction of a condominium development in Manhattan's West Village in New York City.
The loan is provided by Cale Street Partners and Farallon Capital Management, Newmark said.
The project, called 80 Clarkson, is expected to be completed in 2026 and 2027, with sales set to be launched next year, the company added.
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