Deutsche Bank provided the debt
The Witkoff Group and Ian Schrager have secured a $173.25 million loan from Deutsche Bank to refinance 215 Chrystie Street in the Lower East Side. The property spans 245,264 square feet, and consists of a 370-key Public Hotel, plus 11 residential condos (35,900). It also includes a retail component on the ground floor.
Worth Noting: The condo units have sold out for a total of $110.4 million.
Financing details: The new loan replaces previous debt provided by Starwood Capital Group in 2017, according to TRD.