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Pebb Capital, TriArch Real Estate Receive $27.5 Million Financing for 14-Story Development in Manhattan

New York City — Pebb Capital and TriArch Real Estate have received a $27.5 million loan from Valley Bank for the development of a 14-story student housing community in the Morningside Heights neighborhood of Manhattan. Construction began on the property in March 2018, with delivery set for fall 2020. The community will serve students at Columbia University. Valley Bank previously provided $14.2 million in financing for the project, bringing its total investment to $41.7 million.