120-122 Water Street LLC is a New York based Real estate limited liability company established to develop, construct and operate the Project and will be the ultimate recipient of proceeds, whose principals, Raj Guru, Prakash Patel, Vinod Chand and Balram Kakkar have extensive experience in real estate, finance, hospitality and food & beverage businesses. The principals have handled over 50 real estate projects in New York and throughout the United States.
120-122 Water Street, LLC is the majority investor and guarantor in the project. It will fund Project costs through equity provided to the Developer by or on behalf of the Developer Group, disbursements contributed to the Developer as additional equity and disbursements under the proposed Senior Loan. The Developer is a wholly owned subsidiary of the Borrower and under the ultimate control of the Principals.