After years of headaches, the long-delayed luxury hotel project at 456 Greenwich Street has finally secured a construction loan and is emerging from bankruptcy. The partnership entity, CBCS Washington Street LP, received confirmation for a reorganization plan in bankruptcy court earlier this week, court filings show. The plan includes a three-year, $135 million construction loan commitment from South Korea’s Hana Financial Investment. “The project can see the light again,” said Joshua Caspi of Caspi Development,
source https://therealdeal.com/2019/10/10/goodbye-bankruptcy-hello-construction-loan-breakthrough-for-tribeca-hotel-project/
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