Sam Chang has landed a $250 million loan for his upcoming project at 150 West 48th Street from S3 Capital Partners, the company told The Real Deal. The acquisition and construction loan closed Wednesday for the site that Chang’s McSam Hotel Group bought from the Rockefeller Group in October for $140 million. The developer is expected to build a hotel on the site that could span 276,000 square feet, and construction should start in March.
source https://therealdeal.com/2019/12/19/sam-chang-lands-250m-loan-for-midtown-hotel-project/
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