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Startups · Commercial Observer

BHI Lends $170M on Third Avenue Office-to-Resi Conversion

By Andrew CoenJune 1, 2026 · 1 min read

A joint venture between Quantum Pacific Realty and Metro Loft has landed $169.5 million of construction financing to execute an office-to-residential conversion in Midtown East, Commercial Observer can first report. BHI provided the loan for the sponsorship’s…

A joint venture between Quantum Pacific Realty and Metro Lofthas landed $169.5 million of construction financing to execute an office-to-residential conversion in Midtown East, Commercial Observer ca…

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