Real Estate

Prodigy-developed Coworking Facility Facing Foreclosure

by therealdeal.com posted 5months ago 16 views
Yet another piece of the Prodigy Network’s crowdfunded portfolio is heading to foreclosure. Vanbarton Group has initiated the UCC foreclosure auction process for a $36 million junior mezzanine loan at 17 John Street, according to marketing materials reviewed by The Real Deal. The property, a co-working/co-living facility known as the Assemblage John Street, was developed by Prodigy in partnership with Shorewood Real Estate Group. Vanbarton, a real estate investment and advisory firm, issued the loan The post Prodigy-backed coworking facility facing foreclosure appeared first on The Real Deal New York.

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