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Domain Companies And VOREA Group Secure $176M Construction Loan From Bank OZK For Development Site
SOLD
New York
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Domain Companies And VOREA Group Secure $176M Construction Loan From Bank OZK For Development Site
Summary
NEW YORK
Transaction Type:Sale
The asset involved in this transaction is a development site located at 420 Carroll Street in the Gowanus market. The site has a building square footage (BSF) of 39,153. A construction loan amounting to $176,000,000 was secured for the property.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $176,000,000
- Lender: Bank OZK
- Landlord: Domain Companies & VOREA Group
The key individuals involved in this transaction include Chris Papamichael, Matthew Schwartz, Peter Papamichael, and Stephen Ohnemus. They represent the lending side, facilitating the construction loan for the development project in Gowanus.
Players
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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