Pro H Development Secures $76.7 Million Construction Loan From Urban Standard Capital For Development Site

The property asset involved is a development site located at 842 Sixth Avenue in NoMad, Manhattan, with a total buildable square footage of 114,523. The loan for this project is a construction type, amounting to $76,700,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $76,700,000
• Address: 842 Sixth Avenue
• Market: NoMad, Manhattan
• Asset Type: Development Site
• Buildable Square Footage: 114,523
• Lender: Urban Standard Capital
• Landlord: Pro H Development
• Landlord's Representatives: James Murad, Adam Hakim, Michael Winter, Xander Korolik & Evan Brudnicki - Ripco

The transaction features involvement from Urban Standard Capital as the lender and Pro H Development as the landlord. The representatives for the landlord in this deal include six distinct individuals from Ripco, ensuring a comprehensive approach to the representation of the landlord's interests.