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Short-Term Bridge Loan, Spotlight in White Plains, NY

The sponsor requested funds to acquire the property and allow time to secure construction financing to convert the building to a 212-unit multifamily.  VCREF was able to close quickly and provide a flexible structure to meet the sponsors business plan.

  • Location: White Plains, NY
  • Property Type: Multifamily Conversion
  • Loan Type: Acquisition
  • Loan Program: Short-Term Bridge Loan, Spotlight
  • Amount: $17,800,000

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