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Tuesday, September 15, 2026The Morning Brief →Sign in
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David Grunfeld

In PWD coverage since September 10, 2026 · 2 stories
PWD coverage
debt

S3 lends $45m on a Williamsburg ground lease, leaving the land out of the loan

The Williamsburg tower's credit is a contract — ground rent, term, and a fee owner the lender has to live with.
debt · Sep 10S3's leasehold loan is a bet on a document, not dirt
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