Sharif El-Gamal has finally landed a construction loan for his Margaritaville hotel development in Times Square. The financing allows him to pay the investor who held the distressed note and complete construction of the ambitious project. “On Friday, through the blessing of God, we got a $270 million loan,” said El-Gamal. “It’s a real case study in the intricacies of high-stakes real estate in New York.” The loan is backed by senior lenders Related Fund […]
source https://therealdeal.com/2019/02/25/happy-hour-sharif-el-gamal-secures-270m-in-financing-for-margaritaville-site/
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