Pro H Development Secures $76.7 Million Construction Loan From Urban Standard Capital In NoMad

The property involved in this transaction is a development site located at 842 Sixth Avenue in the NoMad neighborhood of Manhattan. The total asset comprises a Building Square Footage (BSF) of 114,523. The transaction includes a construction loan amounting to $76,700,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $76,700,000
• Lender: Charlie Brosens, Harris Pergament & Seth Weissman - Urban Standard Capital
• Landlord: Pro H Development
• Landlord's Representative: James Murad, Adam Hakim, Michael Winter, Alexander Korolik & Evan Brudnicki - Ripco
• Loan Type: Construction

The deal involves key representatives from Urban Standard Capital, who specialize in financing residential construction projects. The landlord's representatives associated with Ripco play a significant role in the transaction, providing expertise in navigating the complexities of real estate deals.