Manhattan, NY

$16,750,000 First Mortgage

In February 2026, a $16.75 million first mortgage acquisition and construction loan was provided for a prime retail development site located at 144 Spring Street in New York, New York. The project consists of a to-be-built approximately 4,800 square foot retail asset situated at the highly trafficked corner of Spring Street and Wooster Street in the heart of SoHo. The business plan focuses on developing a two-story “jewel box” retail asset designed to attract top-tier luxury tenants.