Haitao Bian Secures $6,000,000 Construction Loan From OakNorth Bank For Multifamily Asset In Manhattan

The property asset involved in this transaction is a multi-family building located at 1600 Lexington Avenue in Manhattan. The loan amount secured for this asset is $6,000,000, which is designated for construction purposes.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $6,000,000
• Lender: OakNorth Bank
• Borrower: Haitao Bian
• Broker: Astrit Bauta - Bauta Capital Advisory
• Loan Type: Construction
• Date: 08/20/2026

The key individuals and companies involved in this transaction include Haitao Bian, the borrower acquiring the loan, and OakNorth Bank, the lender providing the financing. Broker Astrit Bauta from Bauta Capital Advisory facilitated the deal, indicating the importance of trust and referrals in securing financing for clients' needs in commercial real estate.