5th Avenue
5th Avenue
Location: New York, NYProperty Type: Office/Retail
Size: 82,510 square feet
Investment Type: Mezzanine
Investment Size: $27,000,000
Closing Date: August 2008
RCG Longview originated a $27,000,000 mezzanine loan secured by the pledge of partnership interests in a 82,510 square foot mixed use property located in the Plaza District sub-market New York, NY. The building is comprised of 60,000 square feet of office and 22,510 square feet of retail which is leased to a high-end retail tenant. A portion of the Senior Loan has been held back for tenant improvements and leasing commissions associated with the lease-up of the office component at the Property.
