Bank OZK Lends $76M for Connecticut Office-to-Resi Conversion
A joint venture between Saber-Hightower and Granoff Real Estate has sealed $75.5 million of construction financing for an office-to-residential conversion project in Connecticut’s Fairfield County, Commercial Observer has learned. Bank OZK provided the loan on the sponsorship’s…
A joint venture between Saber-Hightower and Granoff Real Estate has sealed $75.5 million of construction financing for an office-to-residential conversion project in Connecticut’s Fairfield County, Commercial Observer has learned. Bank OZK provided the loan on the sponsorship’s…
BELLINGS Intelligence Score: 8
Why it matters
This is a routine commercial real estate construction loan for an office-to-residential conversion, representing ordinary business activity with limited market impact or novelty.
Sources
Commercial Observer
Bank OZK Lends $76M for Connecticut Office-to-Resi Conversion
A joint venture between Saber-Hightower and Granoff Real Estate has sealed $75.5 million of construction financing for an office-to-residential conversion project in Connecticut’s Fairfield County, Commercial Observer has learned. Bank OZK provided the loan on the sponsorship’s…