NEW YORK CITY-Ziel Feldman from HFZ Capital Group has acquired the loan utilized for the alteration of the Setai Wall Street condominium and spa. The developer purchased the construction loan of $147 million for the Setai from Anglo Irish Bank Corp.
Feldman has refused to comment on his future plans for the Setai. However, other property developers say that he would strike a deal with Zamir Equities to assume control over the building. The sale was processed by Holliday Fenoglio Fowler. For the full story, go to Wall Street Journal.
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