15 West 55th Street, also known as The Branson (the “Property”), a 10-story, mixed-use elevator building located in the heart of Manhattan’s Plaza District between Fifth and Sixth Avenues.

15 West 55th Street, the Property securing the Loan, features 31 sizable residential units — 1,600 SF and 1,200 SF layouts plus 3 roughly 700 SF penthouse units — totaling approximately 45,061 gross square feet, as well as approximately 11,404 SF of above-grade retail with 75 feet of frontage along West 55th Street. The Property’s residential units are notably sizable for the Manhattan multi-family market, with high-end finishes throughout including solid wood doors, abundant closet space, and solid wood flooring. Two adjacent penthouse units, PH2 and PH3, sit vacant atop the building and span its entire front along West 55th Street, presenting a rare combination opportunity (see Residential Summary, page 16). Of the 31 residential units, 25 are free-market and 6 are rent-stabilized.

The retail component offers soaring double-height ceilings at the front of the ground floor and a full-length outdoor terrace along the second floor, a combination rarely found in Manhattan retail (see Retail Summary, page 20).

The Property represents a rare discounted basis opportunity: a non-performing first mortgage secured by trophy Plaza District collateral, with embedded upside across both the residential and retail components.