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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