RIPCO Real Estate’s Debt & Structured Finance Division has sold a defaulted loan with a total accrued payoff of approximately $133 million, backed by a partially completed 180,000 SF commercial building in Brooklyn.
The transaction reflects the diverse opportunities and complexities involved in today’s commercial real estate financing landscape.
Congratulations to Michael Winter, Adam Hakim and James Murad on this significant deal!
MARKET: Brooklyn, NY
BUYER: Maguire Capital
LOAN AMOUNT: $133,000,000
LOAN TYPE: Defaulted note sale
