China Construction signs $185M condo inventory loan with China Merchants in Soho

China Construction America through the entity 537 Greenwich Owner LLC as borrower signed a condo inventory loan with lender China Merchants Bank Co. valued at $185 million for 137 properties including the condo (SC) at 537 Greenwich Street in Soho, Manhattan.
The deal closed on March 29, 2021 and was recorded on May 18, 2021.
The 137 properties have 172,348 square feet of built space according to PincusCo analysis of city data. The loan price per built square foot is $1,073 per the PincusCo analysis.
The signatory for China Construction America was Linsen Zhang. The signatories for China Merchants Bank Co. were Jie Hu and Joseph Loffredo.

This refinances the $159.5 million remaining from a Bank OZK loan from 2017 and adds a $25 million gap loan.
There was a condominium project filed with the address 110 Charlton Street and the name Greenwich West Condominium on December 18, 2017. The principals of the sponsor, 537 Greenwich Owner Llc, were David Kronman, Craig Wood, and Philip Gesue. link

Direct link to Acris document. link