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Blackstone Issues Loan to Tribeca MF Project

NEW YORK CITY—Set to break ground later this month, the condominium tower is being created by Fisher Brothers and some partners.

By Rayna Katz | Updated on July 06, 2015

NEW YORK CITY—Fisher Brothers, Witkoff and New Valley have announced the closing of a $445 million construction loan from its lead lender Blackstone Real Estate Debt Strategies—as well as from M&T Bank and Deutsche Bank. The loan is in connection to 111 Murray St., a 58-story ground-up residential condominium breaking ground in Tribeca this month.

“The closing of these loans marks another important milestone as we move forward in creating a residential condominium that brings together the best in class in every facet of its design, offerings, location and quality,” says Winston Fisher, a partner with Fisher Brothers. “We are very proud of this project and are pleased that Blackstone, M&T Bank and Deutsche Bank have demonstrated such overwhelming confidence in our vision.”

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