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Wheels are officially in motion for the residential conversion of the Flatiron Building, with the owners of the iconic New York City property securing fresh financing this week.

The Brodsky Organization and its partners, GFP Real Estate and the Sorgente Group, scored a $357M loan for the project from Tyko Capital, The Real Deal reported.

The Brodsky Organization paid $40M to buy a 25% stake in the building last year and lead its conversion, following a long-running rift between the building’s former owners that eventually led to two auctions for the property.