Josh Schuster’s Silverback Development lined up a $90 million construction loan for its Gramercy Park condominium development. Och-Ziff Capital Management Group and Michael Dell’s MSD Partners teamed up to provide the financing for the 13-story project at 359 Second Avenue, the developer told The Real Deal. Schuster said that the development will aim to keep apartments priced below $3 million and noted it sits across the street from a city playground, meaning its access to […]
source https://therealdeal.com/2019/06/25/silverback-development-lands-90m-construction-loan-for-gramercy-condo/
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