Three investment firms have been granted a $985 million loan for the construction of a luxury condominium site in Manhattan, New York.
The funding was secured by Zeckendorf Development, Atlas Capital Group, and The Baupost Group LLC. It is for 80 Clarkson, which is a waterfront residential site in West Village.
Newmark Group arranged the loan while landing the funding from both Farallon Capital Management and Cale Street Partners.
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