Developers of Hudson Square condo snag $215M loan

The developers of 537 Greenwich Street landed a $215 million construction loan for their upcoming Hudson Square condominium tower. A partnership of Strategic Capital, Forum Absolute and Cape Advisors tapped condo-friendly lender Bank of the Ozarks for the deal, Crain’s reported. The developers will begin demolishing two existing structure on the site this month and estimate construction will last two years. Strategic’s Phillip Gesue told the publication he was planning to compete in a tight […]

Source: Real Estate

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