Olshan Represents Client in Securing $182M Loan in Flatiron District Residential Development Project

Law360 and The Real Deal reported that Olshan client Friedland Properties lead a joint venture which secured a $182 million mortgage from Wells Fargo Bank, through the New York State Housing Finance Agency, to finance its mixed-used development at 7 West 21st Street in the Flatiron District. The residential project will comprise of two separate 18-story residential buildings, including 230 apartments as well as 58 affordable housing units, 8,000 square feet of retail space and a 200-car underground parking garage. Olshan Real Estate attorneys Thomas Kearns, Samuel Ross and Warren Gleicher acted as counsel on the joint venture agreements among the principals for this project. Tom served as co-counsel on the loan.