Bank of the Ozarks lends $115m on Hudson Yards condo project

Eastern Consolidated has placed a $115m loan to finance the construction of an 11-story luxury residential condominium at 527 West 27th Street in the up-and-coming Hudson Yards neighborhood on Manhattan’s far west side. Bank of the Ozarks is the lender behind the three-year, floating rate loan, Real Estate Capital has learned.