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Manhattan Office Portfolio

Location:              New York, NY

Property Type:    Office

Collateral Type:  Tenant-in-Common Interest

Loan Type:           Mezzanine

Loan Size:             $50 Million

Description:  

RCG Longview structured a mezzanine loan in order to allow its operator/borrower to acquire a 50% tenant-in-common (“TIC”) ownership interest in 12 office buildings, consisting of 736,265 SF. The borrower sought to undertake legal action to secure 100% ownership interest in the properties and redevelop the portfolio to the highest and best use.