Maxim, Sabal, and GDS Supply $50M Refi on Manhattan Office Building

Excerpt from the Commercial Observer website: A joint venture between London developer Chelsfield Group and investment firm Ram holdings has sealed a $50 million loan to refinance its newly renovated SoHo office building.

Maxim Capital Group, Sabal Investment Holdings and GDS Brightstar provided the loan on the joint venture’s 12-story 114 Crosby Street, the lenders announced Wednesday. Loan proceeds will be used to refinance a previous $35 million acquisition loan from BridgeInvest in 2022 and to lease up the building, according to the lenders.

Read the full article here: https://commercialobserver.com/2024/07/maxim-sabal-and-gds-supply-50m-refi-manhattan-office-building/