Ackman-Ziff Arranges $170M Construction Loan For Development Site At 126 East 57th Street In NYC

The property involved in this transaction is a development site located at 126 East 57th Street in New York City. The loan amount for this transaction is $170,000,000, specifically designated for construction purposes.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $170,000,000
• Landlord: Rotem Rosen, Isaac Hagag, Mahindra
• Lender: Bank OZK
• Brokers: Simon Ziff (Simonziff_ackmanziff) - Ackman-Ziff, Jason Krane (Jason_krane) - Ackman-Ziff, Max Kra (Mak093) - Ackman-Ziff

Key individuals involved in this transaction include Rotem Rosen, Isaac Hagag, and Mahindra representing the landlord, alongside Bank OZK as the lender. The brokerage team from Ackman-Ziff, consisting of Simon Ziff, Jason Krane, and Max Kra, played a pivotal role in facilitating the loan transaction.