Carlton Chairman Howard L. Michaels announced the closing of a $240 million multi-tranched equity and debt capital stack to facilitate Michael Shvo, Davide Bizzi and Howard Lorber’s acquisition of 125 Greenwich Street in Manhattan’s Financial District.
This execution by Carlton included the coordination of six different capital sources in order to facilitate one of the biggest Manhattan land acquisitions of the year.
Included in the Carlton equity stack was one of the wealthiest individuals from India and a large Chinese investor.
Carlton also accessed a large Asian bank which provided a generous first mortgage land loan and a high net worth investor who participated in the general partner.
Carlton Partner Michael Campbell, Managing Directors Jeff Kosow and Robert Mudry, and Senior Associate Chad Roberson worked with Carlton Chairman Howard Michaels, comprising the deal team.
