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Cole Schotz Advises Senior Lender in Tribeca Condo Project

May 22, 2019Attorneys: Leo V. Leyva, Rab N. Nalavala, Jordan A. Fisch and Jennifer Y. Chung
Cole Schotz P.C. is pleased to announce it advised G4 Capital Partners on a $94 million loan to HAP Investments for construction of a 41-unit condominium in Tribeca. The complex will be located at 65 Franklin St., which is currently home to a five-story building set for demolition. The loan closed on May 22, 2019.

In addition to residences, the new 19-story building will include a highly visible retail component along Broadway. HAP Investments also secured a $13.5 million mezzanine loan from Quinlan Development Group. The project is expected to be complete in the next three years.

The Cole Schotz team that advised on the loan was led by member Leo V. Leyva and included members Rab N. Nalavala and Jordan A. Fisch, associate Jennifer Y. Chung and paralegal Basira R Miah.
 

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