Edgewood closed a $7,750,000 first-mortgage bridge loan for the acquisition of a mixed-use property in the Upper East Side of Manhattan, New York, NY. The structure supports the sponsor’s plan to vacate tenants, secure approvals, and pursue redevelopment into a new luxury rental building, leveraging in-place retail cash flow and potential additional air rights. Edgewood remains active in financing transitional mixed-use properties nationwide.
Upper East Side Redevelopment
- Bridge Loans
- Mixed-Use
- New York Metro
$9,750,000 | 16,269 SF