Delshah Capital has landed $102.5 million in construction financing for its first ground-up development in Brooklyn. Bank OZK provided a $62 million senior loan for the rental tower at 22 Chapel Street in Downtown Brooklyn, and Denver-based EverWest Real Estate Partners provided a $40.5 million mezzanine loan, Commercial Observer reported. The financing has a 42-month term plus two one-year extension options. The deal closed on Dec. 31 and was brokered by JLL’s Aaron Appel and […]
source https://therealdeal.com/2019/01/03/delshah-lands-103m-construction-financing-for-its-dobro-tower/
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