Financing
PMG lands condo inventory loan for 111 Leroy Street
Rialto Capital Management and Goldman Sachs provided the debt for the West Village condo project
Published on
Kevin Maloney’s Property Markets Group has secured a $97 million condo inventory loan from Rialto Capital Management and Goldman Sachs for 111 Leroy Street, according to TRD. The West Village development has a projected sellout of $76.95 million.
Financing details: The two-year loan replaces a $43 million construction loan provided by Oaktree Capital Management and mezzanine debt from Quinlan Development Group. The new loan covers all of the building’s condo units (13) and five townhouses.
