22.5MM – New York – Condos

Area

New York, NY

Property Type

Luxury Condo Building (3)

Loan Type

JV ACQUISITION - DEMO/CONSTRUCTION - DEBT/EQUITY TRANSACTION

Sponsor came to our firm requesting a 9 day TOE closing. Sponsor was set to lose their original $500M deposit. LFCP provided a funding solution to complete the demolition / conversion of 3 SRO buildings. Secured financing for the construction of 3 Luxury Condo Buildings.

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