Sagg Main & Super Fresh


Sagaponack, NY and Manahawkin, NJ

  • Loan Type: Recapitalization Financing
  • Property: 9,216 SF luxury single-family home and 50,390 SF grocery-anchored shopping center
  • Scenario: The proceeds from the first mortgage loan were used to refinance defaulted senior loans on both properties. The transaction featured a distressed borrower and a time-of-the-essence payoff.
  • Result: