Financing
Anbau lands financing to develop 39 West 23rd Street
Published on
Bank OZK and Goldman Sachs provided the debt
Anbau Enterprises has secured $138.6 million in construction financing from Bank OZK and Goldman Sachs for its condo development at 39 West 23rd Street in Flatiron. Upon completion, the dual-tower project will span 118,000 SF, and contain 48 residential units. It will also include a retail component, and a 25-car automated garage.
Financing details: Bank OZK provided the developer with a $96 million senior loan, while Goldman Sachs originated $42.6 million in mezzanine debt, according to TRD.
Flashback: Anbau paid $23.5 million for the development site in 2011.
