RAL lines up $120M construction financing for Union Square tech hub

UPDATE: April 9, 2019, 10:30 a.m.: Construction of the city’s planned 22-story tech hub near Union Square can move forward, now that the project has secured $120 million in construction financing. Bank OZK provided the debt for the Union Square Tech Training Development Center to the project’s developer, RAL Development, according to property records filed Thursday with the New York City Department of Finance. Meridian Capital Group’s Drew Anderman and Alan Blank secured the debt. […]

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