Apr 15, 2025

Apr 15, 2025

Starwood Provides $350M Refi for Lower Manhattan Condo Tower

Starwood Provides $350M Refi for Lower Manhattan Condo Tower

A joint venture between Fortress Investment Group, Bizzi & Partners and Bilgili Holding has secured a $350 million loan to refinance a nearly completed condominium tower in Manhattan’s Financial District, Commercial Observer has learned.Starwood Property Trust provided the loan on the sponsorship’s planned 88-story the Greenwich by Rafael Viñoly project slated for completion this year at 125 Greenwich Street. The long-planned condo development broke ground in 2017 with Fortress joining as the lead equity partner in 2023 with a $285 million investment, as CO reported at the time.

The Greenwich by Rafael Viñoly project in Lower Manhattan.
The Greenwich by Rafael Viñoly project in Lower Manhattan.
The Greenwich by Rafael Viñoly project in Lower Manhattan.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.