Manhattan, NY

$38,800,000 First Mortgage

In April 2023, a $38.8 million first-lien refinancing loan was originated a seven-story residential condominium property located at 118 West 13th Street in Manhattan’s Greenwich Village. The building, formerly operated as a student dormitory, was acquired with a business plan focused on a full redevelopment and conversion into luxury residential condominiums in one of New York City’s most supply-constrained residential neighborhoods.