Westbrook Partners took a stake in HFZ Capital Group’s redevelopment of the Belnord, by converting the debt it owns on the property into fresh equity, The Real Deal has learned. The recapitalization of the gated, 680,000-square-foot Upper West Side apartment complex is somewhere north of $650 million, according to sources. HFZ confirmed the partnership, but declined to comment on the financials of the deal. Ziel Feldman’s HFZ, which paid $575 million to Extell Development for […]
source https://therealdeal.com/2018/03/16/westbrook-takes-stake-in-hfzs-conversion-of-the-belnord/
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