$10,250,000 Pre-Development Bridge Loan, Union Square NYC
Development site acquisition: • Assemblage of various parcels including IAR (inclusionary air rights). • Our First Mortgage Bridge Loan will help the developer meet the 421A deadline. • 18-story mixed-use ground-up development. • To-be-built ~60,000SF mixed-use condominium.
Development site acquisition: • Assemblage of various parcels including IAR (inclusionary air rights). • Our First Mortgage Bridge Loan will help the developer meet the 421A deadline. • 18-story mixed-use ground-up development. • To-be-built ~60,000SF mixed-use condominium.
