Chrystie Street Development Site Acquisition Financing
$6,750,000
Manhattan, NY
- Loan Type: Acquisition Financing
- Property: Development site zoned as-of-right for 16,250 square feet of residential development.
- Scenario: Trevian's loan was used to acquire the property and carry it through predevelopment until an assemblage with an adjacent lot was consummated and a construction loan obtained.
- Result: Trevian lends on fully-entitled development sites in core urban-infill locations that need to be bridged until a construction loan can be obtained.
