Fort Amsterdam Capital Provides $42.5M Bridge Loan For Tribeca Development Site

A loan has been secured for a development site in Tribeca, Manhattan. The property, located at 80 West Broadway, 72 Warren Street, 88 West Broadway, and 74 Warren Street, spans approximately 57,000 square feet. The loan amount is $42,500,000, and it is categorized as a bridge loan.

Summary of Transaction Details

• Property Type: Development Site, Mixed-Use, Condominiums
• Transaction Amount: $42,500,000
• Market: Tribeca, Manhattan
• Lender: Fort Amsterdam Capital - Evan O’Connor & David Schwartz
• Landlord: 6R Capital Group - Shai Shamir & Oz Levi
• Brokers: Aaron Niedermayer, Vickram Jambu, Rob Hinckley & Nicco Lupo - JLL

The loan for this property was secured through Fort Amsterdam Capital, with Evan O'Connor and David Schwartz representing the lender. The property is owned by 6R Capital Group, with Shai Shamir and Oz Levi as the landlords. The deal was facilitated by brokers Aaron Niedermayer, Vickram Jambu, Rob Hinckley, and Nicco Lupo from JLL.