3 Firms Steer $95M Loan For Manhattan Mixed-Use Project

Law360 (April 8, 2019, 6:13 PM EDT) -- Proskauer Rose LLP and Haynes and Boone LLP represented Midwood Investment & Development and EJS Real Estate, respectively, on a $95 million construction loan from King & Spalding LLP-counseled Bank OZK for a Manhattan mixed-use project, the borrowers announced Monday.

The loan is for a project at 150 E. 78th St., where the companies' venture is planning to build 25 luxury residential condo units as well as retail space on the ground floor. The borrowers said the loan represents their first time working with Bank OZK.

“[Bank OZK's] reputation as a best-in-class lender to high-end condos in New York made them...

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