Latest Transaction


Location

White Plains, NY

Property Type

Multifamily Conversion

Loan Type

Acquisition

Loan Program

Short-Term Bridge Loan

Amount

$17,800,000

Need:

The sponsor requested funds to acquire the property and allow time to secure construction financing to convert the building to a 212-unit multifamily.

Solution:

VCREF was able to close quickly and provide a flexible structure to meet the sponsors business plan.

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