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BHI Provides $88M Bridge Loan for 845 Third Avenue’s Office-to-Resi Conversion

Another office-to-residential conversion is on its way to New York City, courtesy once again of Nathan Berman’s MetroLoft Management. Quantum Pacific Realty and MetroLoft have secured an $88 million b

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Summary

Another office-to-residential conversion is on its way to New York City, courtesy once again of Nathan Berman’s MetroLoft Management.

Quantum Pacific Realty and MetroLoft have secured an $88 million bridge loan as part of the recapitalization of 845 Third Avenue, a 21-story office property in Midtown East that will be converted into a 529-unit apartment […]

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