Bank OZK Funds $62M Construction Loan For Multifamily Asset In East Village

The asset involved is a multifamily property located at 280 East Houston Street in East Village, Manhattan. The property spans 143,000 square feet and the recent transaction involved a construction loan amounting to $62,000,000. The lender in this deal was Bank OZK, and the landlord associated with this property is SMA Equities. The brokers representing the transaction were Daniel Fromm, Dustin Stolly, and Jordan Roeschlaub from Newmark.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $62,000,000
• Market: East Village, Manhattan
• Address: 280 East Houston Street

The key individuals involved in this deal include Jordan Roeschlaub, Daniel Fromm, Dustin Stolly, and George Gleason. SMA Equities acted as the landlord in this transaction, while Bank OZK provided the construction loan. The brokers who facilitated this deal were Daniel Fromm, Dustin Stolly, and Jordan Roeschlaub from Newmark.