Orange Owner LLC Acquires $247M In Loans From Flagstar Bank Backed By 49 Croman Real Estate Buildings

120 Christopher Street is located in the West Village, Manhattan. The asset type involved in this transaction is a note/loan, with a transaction amount of $247,000,000. The deal encompasses roughly 38 loans originally financed by Flagstar Bank, associated with 49 Croman Real Estate buildings consisting of approximately 680 residential units across the Manhattan area.

Summary of transaction details:

• Property Type: Note / Loan
• Transaction Amount: $247,000,000
• Buyer: Orange Owner LLC
• Seller: Flagstar Bank
• Date of Transaction: 10/20/2025
• Market: West Village, Manhattan

The transaction involved key participants, including Orange Owner LLC, which is connected to Bellwether Asset Management. The seller of the loans, Flagstar Bank, was instrumental in facilitating this large-scale financial transfer, which reflects significant operational ties to Croman Real Estate through the backed properties.