Real Estate

Tribeca Associates gets $61M construction loan for FiDi hotel project

therealdeal.comTribeca Associates sealed $61 million in construction financing from the Bank of the Ozarks for its proposed 26-story hotel at 143 Fulton Street in the Financial District.

The development firm closed on a $46.6 million building loan and a $14.4 million project loan from the Little Rock, Ark.-based lender on April 28, according to property records filed with the city Thursday.

The funds will go toward Tribeca Associates’ planned 228-room hotel development, which is slated to span 88,000 square feet and hold retail space on its first and second floors, as The Real Deal reported last year.

Categories: Real Estate

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