CSC Real Estate Secures $108 Million Construction Loan From SCALE Lending For Office Conversion At 770 2nd Ave

The asset involved in this transaction is an office to residential conversion located at 770 2nd Avenue in the Manhattan market. The loan amount secured for this project is $108,000,000, provided by SCALE Lending under a construction loan type.

Summary of transaction details:

• Property Type: Office to Residential Conversion
• Transaction Amount: $108,000,000
• Lender: SCALE Lending
• Landlord: CSC Real Estate
• Landlord's Representative: Morris Betesh & Louis Halperin - Arrow Real Estate Advisors

Key individuals involved in this deal include Sal Smeke, Alberto Smeke, Morris Betesh, Louis Halperin, Martin Nussbaum, and Daniel Ridloff. They represent a collaborative effort in managing and facilitating the transaction, showcasing the various roles played by each party within the construction loan agreement.