Ben Shaoul’s Magnum Real Estate Group secured a $195 million senior construction loan from SL Green Realty for its new Lower East Side condominium project next to Katz’s Deli, sources told The Real Deal. The senior loan for the project at 196 Orchard Street replaces the existing $97 million loan that SL Green provided last year for pre-development and acquisition costs, sources said. The 11-story building will hold 96 apartments as well as about 50,000 … [more]