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PMG lands condo inventory loan for 111 Leroy Street

Rialto Capital Management and Goldman Sachs provided the debt for the West Village condo project

111 Leroy Street (Credit: Ross Babych / Archinect)

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.

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