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

The development site located at 126 East 57th Street in New York City has recently secured a construction loan of $170,000,000. The loan was provided by Bank OZK, indicating the financial support for the development project. This sizable loan will contribute to the progress and completion of the property.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $170,000,000
• Address: 126 East 57th Street, New York City
• Market: New York City

The deal was facilitated by several key individuals and companies. Simon Ziff, Jason Krane, and Max Kra from Ackman-Ziff represented the parties involved in the transaction. Simon Ziff (Simonziff_ackmanziff), Jason Krane (Jason_krane), and Max Kra (Mak093) served as brokers in this deal. Their expertise and negotiation skills played a crucial role in bringing the transaction to fruition.