Developer Tishman Speyer is borrowing $275 million from Bank OZK to complete its 1.1 million-square-foot office development in Long Island City. The debt for the “JACX” complex was provided in two separate mortgages, loan documents recorded by the city on Wednesday show. The new debt package comes two years after the developer first secured financing with OZK, then Bank of the Ozarks, along with an equity investment from Diar, a subsidiary of the Qatari sovereign […]
source https://therealdeal.com/2018/11/21/bank-ozk-lends-tishman-275m-for-lic-office-development/
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