Aurora, William Gottlieb land $120M loan for Solar Carve Tower

Bank of the Ozarks is the lender

Renderings of Solar Carve (Credit: Studio Gang)
Renderings of Solar Carve (Credit: Studio Gang)

Aurora Capital and William Gottlieb Real Estate scored $120 million in construction financing for the Solar Carve Tower in the Meatpacking District, property records filed Monday show.

The lender on the Studio Gang-designed project at 40 Tenth Avenue is Bank of the Ozarks, one of the most active construction lenders in New York.

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The Solar Carve Tower, on the corner of West 13th Street, will have two floors of retail and 10 floors of office space.

Ozark’s other bets in New York include a $130 million loan package for Simon Baron Development’s conversion at 12 East 88th Street , a $92 million loan for Ashkenazy Acquisition‘s NYLO hotel and a loan for Tishman Speyer’s Long Island City office project.