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Financing

Vanbarton Group lands financing for 13-17 Laight Street

Paramount Group provided the debt for the redevelopment

Existing building at 13-17 Laight Street (Credit: Massey Knakal)

The Vanbarton Group has secured $141 million in financing from the Paramount Group for their redevelopment at 13-17 Laight Street. Plans call for the conversion of the former Tribeca Film Festival building into boutique offices.

Financing breakdown: The new debt replaces a $46 million acquisition loan provided by Blackstone Mortgage Trust in 2016, according to TRD.

Flashback: The firm paid $90 million for the 100,000 SF property two years ago.

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