Real Estate

Prodigy-developed Coworking Facility Facing Foreclosure

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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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