$18,750,000

First Mortgage Bridge Loan

SoHo, Manhattan
Repeat Borrower

First mortgage bridge loan collateralized by two cash flowing Manhattan properties – one on Spring Street in SoHo, and one on West 46th Street in Manhattan. W’s loan refinanced existing first mortgages on both properties and provided surplus proceeds which will be utilized to address a time-sensitive, working capital requirement. The one-year, interest-only bridge loan went from first phone call with the mortgage broker to closing in just over one week.