CSC Real Estate Gets $108M Loan for 770 Second Ave

CSC Real Estate, a New York-based redevelopment and conversion investment firm, secured a $108 million construction loan for an office-to-residential conversion at 770 Second Avenue in Manhattan’s Murray Hill neighborhood. The financing was provided by SCALE Lending, the joint lending company of Slate Property Group.

The deal was arranged by Arrow Real Estate Advisors. The article frames the transaction as evidence of continued lender appetite for well-located New York City conversion opportunities.