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 […]

Chetrit gets $128M financing for Jamaica project

The Chetrit Group scored about $127.5 million in construction financing for its planned multifamily redevelopment of the Mary Immaculate Hospital site in Jamaica, sources told The Real Deal. Chetrit is planning a four-building complex at 150-13 89th Avenue in downtown Jamaica, with 324 apartments. The developer acquired the site, which offers more than 415,000 buildable […]

Nathan Berman nabs $187M loan for 20 Broad conversion

Nathan Berman’s Metro Loft Management nabbed $187 million in financing for a planned office-to-resi conversion of the former New York Stock Exchange building at 20 Broad Street. Bank of the Ozarks — which has become one of the most active lenders in New York City real estate in recent years — committed to a $106 […]