As reported by the Commercial Observer,Natixis Real Estate Capital provided the $30 million loan in a debt deal negotiated by Iron Hound Management’s Christopher Herron on behalf of the borrower. The financing follows a $14 million acquisition loan also provided by Natixis in early 2014, and paves the way for a 15-story residential condominium that will be developed in two phases by New York-based IDM Capital.

809 Broadway will occupy a lot between 11th and 12th streets, south of Union Square in Greenwich Village, at a size of 5,033-square-feet. The site is currently occupied by a five-story building that will be incorporated into the residential development