Cole Schotz Advises G4 Capital Partners on $232m Financing for Manhattan Condominium
December 2, 2020
Attorneys: Leo V. Leyva, Rab N. Nalavala, Danielle M. Pasquariello, Jennifer Y. Chung, Drew F. Barone and Nicole Dlugosz
Cole Schotz P.C. has advised G4 Capital Partners in a $232.5 million senior loan to Joseph Chetrit and David Bistricer for a residential condo project near Gramercy Park in Manhattan.
The financing is for the Gramercy Square Condominium and recapitalizes the 223-unit project that spans four buildings, and is a conversion of the former Cabrini Medical Center.
The Cole Schotz team included members Leo Leyva
, Rab Nalavala
and Danielle Pasquariello
, and associates Jennifer Chung
, Drew Barone
and Nicole Dlugosz
. The G4 Capital team included co-founders Robyn Sorid
and Jason Behfarin
, along with Managing Director Robert Palumbo