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East Village Condo

Location:            New York, NY

Property Type:  Multifamily / Condo Conversion 

Loan Purpose:   Refinance

Loan Type:          Mezzanine

Loan Size:            $34.2 Million

Description:  

RCG Longview initially provided a mezzanine loan of $22.8 million to a Sponsor in order to renovate  and re-introduce for-sale condo units.   Subsequent to the initial funding and after numerous contract closings, we advanced an additional $11.45 million to "top-up" the loan.