The Bank of the Ozarks has granted a $300 million loan to the Wolkoff Group, a Queens condominium developer. The proceeds will be used to continue work on the second phase of construction at the Long Island City project known as 5Pointz. The company is currently wrapping up 1,115 residential units at the site, located along 22-44 Jackson Avenue. The total square footage of the two developments comes to 1.2 million square feet. The borrower was represented by the Singer & Bassuk Organization.
