$43,000,000

Mezzanine Loan

New York suburbs

W Financial has provided a $43,000,000 mezzanine loan secured by interests in 2,292 cash-flowing rental apartments within 19 garden-style apartment communities located in the New York suburbs. The borrower, which owns and manages a significant number of similar apartment communities, had a short-term need, which W Financial’s mezzanine loan was able to address. The borrower expects to repay the W Financial loan upon their closing with a new investor.