West 28th Street Development Site Acquisition Financing
$29,565,000
Manhattan, NY
- Loan Type: Acquisition financing
- Property: Development site zoned as-of-right for 94,000 square feet of residential development.
- Scenario: Trevian's loan financed the acquisition of the property and provided time for the sponsors to complete predevelopment activities and secure a construction loan.
- Result: Trevian finances acquisitions and recapitalizations of fully-entitled land in strong urban-infill locations, to bridge until a construction loan can be secured.
