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  • $16,750,000 bridge loan on a commercial property located in Times Square area of Manhattan

$16,750,000

Bridge Loan

Times Square Area, Manhattan

W Financial provided a $16,750,000 bridge loan on a commercial property located on West 46th Street in the Times Square area of Manhattan. The borrower required a bridge loan to acquire the property and plans to bring in new management to operate the centrally located hotel. The borrower plans to refinance the acquisition loan with a conventional bank or CMBS loan.

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Special situation financing for commercial real estate.


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