American Stock Exchange

American Stock Exchange

Location: New York, NY

Loan Amount: $97.1M

Loan Type: Acquisition

Property Type: Office

Challenge iBorrow Solved:

The borrower was seeking a short-term bridge loan to close the acquisition of the property, until construction financing can be secured.

The Sponsor intends to renovate and reposition the American Stock Exchange Building as a private membership club operated by Membership Collective Group (“MCG”), the parent company to Soho House.