20 West Street

Location: New York, NY
Type: Retail
Price: $ 3,720,000

SMC has provided a $3,720,000 loan to facilitate the financing of 20 West Street. 20 West Street is a 45-story, 283-unit residential condominium building with a ground floor commercial condominium unit located along both West and Washington Streets in the Financial District of Lower Manhattan, New York, NY. The collateral for the loan includes the 9,538 SF commercial condominium unit. The Property is 100% leased to the tenant known as The Learning Experience. The proceeds of the loan will be used to return equity to the sponsor as there is presently no debt against the subject.