The property is a 20-story 293,409 sf Class B office building with ground floor retail. The property is located at the southwest corner of Exchange Place and William Street in Manhattan’s Financial District. Acquisition financing was provided to a joint venture between Newmark Holdings and Northwind Group. The property was built in 1902 and features a floor plan ideal for small tenants. In addition to financing the acquisition, loan proceeds will be used to reposition the property, finance a capital improvement program, and lease-up the building.