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Victor Sigoura Of Legion Investment Group Secures $191M Construction Loan For 34-Unit Condo In Greenwich Village
FINANCED
$191,000,000
New York
See Similar DealsDevelopment Site
Financed 02/02/2026
FINANCED
Victor Sigoura Of Legion Investment Group Secures $191M Construction Loan For 34-Unit Condo In Greenwich Village
11 West 13th Street
See Similar DealsDevelopment Site
Financed 02/02/2026
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
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.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$191,000,000.00
Monthly NOI$1,273,333.33
Monthly Debt Service$1,207,249.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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