T30 Capital Secures $17.5M Construction Loan From SME Capital Ventures For Development Site In Manhattan

A construction loan of $17,500,000 was secured by T30 Capital for a development site located at 44-46 West 8th Street in the Greenwich Village market of Manhattan. The property encompasses a total building square footage of 22,338. This development is projected to consist of five units and is scheduled for completion in 2025.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $17,500,000
• Address: 44-46 West 8th Street
• Market: Greenwich Village, Manhattan
• Lender: SME Capital Ventures
• Landlord: Margaret Grossman - T30 Capital
• Loan Type: Construction

The transaction involves key players in the financing of the development, with SME Capital Ventures acting as the lender. Margaret Grossman represents the landlord in this deal through her association with T30 Capital, highlighting her involvement in the project's financial structuring.