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Upper East Side Redevelopment

Location:             New York, NY

Property Type:   Multifamily

Collateral Type:  Redevelopment

Loan Type:           First Mortgage

Loan Size:             $7.2 Million

Description:  

RCG Longview provided a $7.2 million first mortgage loan to a Sponsor in order to acquire a 4-story walk-up apartment building on Manhattan's upper east side.  The Sponsor intends to redevelop the property into high-end for-sale condominiums.