Updated Feb 3, 2026
Victor Sigoura Of Legion Investment Group Secures $191M Construction Loan For 34-Unit Condo In Greenwich Village
11 West 13th Street
$191,000,000
Units
34
Asset Type
Development Site
Closing
Feb 2, 2026
About this deal
AI
A construction loan amounting to $191,000,000 has been secured for a development site at 11 West 13th Street, located in the Greenwich Village market. The asset will consist of a 34-unit luxury condominium scheduled to open in 2027.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $191,000,000
- Lender: Bank OZK & CanAm Enterprises
- Landlord: Victor Sigoura - Legion Investment Group & EJS Group
- Loan Type: Construction
The loan includes $140.1 million from Bank OZK and a $50 million mezzanine financing from CanAm Enterprises, highlighting the collaborative funding efforts for this luxury residence project led by Legion Investment Group and EJS Group.
On the Map
$191,000,000
Development Site
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93