Posted Jan 10, 2022, 11:22 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,869
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Show us some love Larry….
https://therealdeal.com/2022/01/10/s...-lending-fund/
Silverstein raises another $2B for real estate lending fund
Jan. 10, 2022
By Joe Lovinger
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Development markets from New York to Los Angeles have some new money to play with.
Silverstein Capital Partners, Larry Silverstein’s real estate lending operation, has raised another $2 billion, the firm announced Monday.
The firm’s investments crisscross the U.S., including a $340 million loan last month for the Legacy Hotel & Residences in Miami — the third-largest construction loan ever issued in Florida — and a $236 million mezzanine loan in 2018 to JDS Development’s mixed-use tower at 9 Dekalb Avenue in Brooklyn.
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…”SCP’s lending mirrors Silverstein’s overall business strategy of investing in large-scale, mixed-use projects in growing national markets,” said Silverstein Properties CEO Marty Burger. The new fund, like its previous ones, will focus mainly on construction loans, he added
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