AUGUST 4, 2014
HIDROCK SCORES $45M IN ACQUISITION FUND FROM BANK OF OZARKS, LADDER
- Commercial Observer
Bank of the Ozarks and Ladder Capital lent $45.5 million in funds for a seasoned New York City investment firm to buy a three-lot land assemblage in the Rockefeller Center area for $47 million, Mortgage Observer has learned. The buyer, HID Acquisition Group LLC, a subsidiary of Hidrock Realty, closed on the parcels last month and plans to build a residential condominium, Hidrock's CEO said.
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