Watermark Capital Group Secures $125 Million Construction Loan From Bravo Property Trust For Development Site

The asset involved in this transaction is a development site located at 175 Pearl Street in New York City. The loan amount for this construction financing is $125,000,000.00, provided by Bravo Property Trust to facilitate the development process.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $125,000,000.00
• Lender: Bravo Property Trust
• Landlord: Watermark Capital Group
• Loan Type: Construction
• Market: New York City

The deal involves Bravo Property Trust as the lender, with Watermark Capital Group acting as the landlord for the development site. This transaction underlines the collaboration between these entities in the financing of the construction project.