230 West 123rd Street

$1,300,000 bridge loan secured by a 15-unit apartment building located in Central Harlem neighborhood in New York City. Edgewood’s loan was used to purchase the note on the property at a discount through a foreclosure sale. Built in 1910 and situated on 0.06 acres, the building is a five-story walkup consisting of 15 units and 9,395 square feet of leasable area.