Hudson Realty Capital is planning to provide a loan of $10.2m for the construction of a 23,306ft² mixed-use building in SoHo, Manhattan, US.
The project includes the construction of a nine-storey building with eight floors of residential units and commercial space on the first floor.
The Greenwich Street property will incorporate two one-bedroom units, five three-bedroom full-floor units, and a three-bedroom penthouse duplex; the second floor will house the building’s gym, laundry facility and bicycle room.
Construction work on the project is expected to be completed by mid 2012.
The loan is the second of four recently completed loans funded by Hudson in New York City for properties that involve some level of renovation.