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BHI Lends $170M on Third Avenue Office-to-Resi Conversion

A joint venture between Quantum Pacific Realty and MetroLoft has landed $169.5 million of construction financing to execute an office-to-residential conversion in Midtown East, Commercial Observer can

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Summary

A joint venture between Quantum Pacific Realty and MetroLoft has landed $169.

5 million of construction financing to execute an office-to-residential conversion in Midtown East, Commercial Observer can first report.

BHI provided the loan for the sponsorship’s planned transformation of 767 Third Avenue from a 282,000 square-foot office building into 337 apartment units with 68,000 square […]

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