Greystone Arranges $141 Million Construction Loan for 245-Unit Luxury Rental Tower in Scottsdale, AZ
Bank OZK (OZK)
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Source: GlobeNewswire
NEW YORK, June 03, 2026 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, announced today that it has arranged $141 million in construction financing on behalf of The Hampton Group for the ground-up development of IKONIC Scottsdale, a 14-story, 245-unit ultra-luxury multifamily tower located at 16640 North Scottsdale Road in Scottsdale, Arizona. The financing consists of a senior mortgage provided by Bank OZK and a mezzanine loan from Related Fund Management. Greystone’s team led by Drew Fletcher, Bryan Grover, and Jesse Kopecky, served as exclusive advisors on the transaction. Located at the prominent intersection of North Scottsdale Road and Bell Road — adjacent to The Promenade and minutes from Kierland Commons and TPC Scottsdale — IKONIC Scottsdale is expected to become the tallest and most luxurious apartment tower in North Scottsdale upon completion. The project will feature a mix of one-, two-, and three-bedroom residences averaging ap
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