Brooklyn Bridge.Shutterstock.
NEW YORK CITY – FortressInvestment Group, a real estate investment management firm, hasbrought the loan on 125 Greenwich Street in the Financial Districtfor approximately $230 million from BH3, a South Florida and NewYork City-based real estate investment managementfirm.
The loan was a non-performing senior mortgage positioncollateralized by 125 Greenwich St. Through BH3's Debt OpportunityFund I, L.P., a distress-focused debt fund, in conjunction with aprivate equity partner, BH3 originally paid approximately $195million for the 125 Greenwich Street loan in July 2019.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
