Real estate crowdfunding firm Prodigy Network has staved off foreclosure of its commercial property at 85 West Broadway — for now. In a letter sent to investors last week, the firm said it had reached an agreement with an affiliate of the Vanbarton Group, a preferred equity holder, giving it until the end of the month to make payments. But there is a catch: In the letter, Prodigy Network asked investors to contribute $30 million
source https://therealdeal.com/2020/03/19/crowdfunding-firm-seeks-30m-bailout-for-second-commercial-building/
No comments:
Post a Comment