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.