trending Market Intelligence /marketintelligence/en/news-insights/trending/bn4IkGBWsAVX1jzOtAvmKw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

JV secures $215M construction loan for Manhattan, NY, residential project

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


JV secures $215M construction loan for Manhattan, NY, residential project

A joint venture between Cape Advisors and Strategic Real Estate landed a $215 million loan for the construction of their residential development at 537 Greenwich St. in Manhattan, N.Y., Real Estate Weekly reported.

Bank of the Ozarks, who also provided the developers a bridge loan to purchase the lots and air rights for the site, agreed to the financing deal, the publication noted.

The development site has a zoning floor area of 228,000 square feet and comprises two joint lots, 537 Greenwich St. and 110 Charlton St. Cape. Its air rights were acquired from five adjacent and nearby properties.

China State Construction Engineering Corp. fully owns CSCEC Holding Co. Inc., which is the parent company of Strategic Real Estate, the report noted.