Manhattan, NY

$10,000,000 First Mortgage

In September 2023, an $10.0 million first-lien acquisition loan was originated for a ground-floor retail condominium located at 415 West 13th Street in Manhattan’s Meatpacking District. The collateral comprises the retail portion of an eight-story mixed-use building; the prior tenant, AllSaints, vacated in August 2023, creating an opportunity to re-lease and stabilize the asset in a core, supply-constrained retail submarket.