$215M from LR bank funds NYC condo job

Bank of the Ozarks recently made a $215 million construction loan for a luxury condominium tower in lower Manhattan’s Hudson Square area.

A partnership of developers — Strategic Capital, Forum Absolute and Cape Advisors — borrowed the money from the Little Rock bank, according to

Crain’s, a business newsletter.

Strategic Capital is the development arm of China Construction America, a subsidiary of the Chinese government-run China State Construction Engineering Corp., Real Deal magazine reported.

The residential condos will average 1,211 square feet and sell for between $1.2 million and $2.79 million.

Bank of the Ozarks has made more than $2.7 billion in real estate loans from its New York metropolitan area office.