NEW YORK CITY—Real estate developer Louis Greco's Second Development Services and the Richport Group received $45.5 million in financing for a building at 22 Bond St.

Once slated to be the Great Jones Hotel, the property later became a mixed-used condominium project in the NoHo neighborhood of Manhattan offering six luxury residential condominium units, with above ground and cellar floor retail space. The building also has an alternate address of 25 Great Jones St.

“Our flexible lending platform allows us to work closely with developers in need of additional time and funding for project completion,” says Josh Zegen, co-founder and managing principal of Madison Realty Capital, the real estate investment firm which provided the loan. “After previously acquiring the existing note on 22 Bond, we were able to arrange new financing to help the borrower complete construction and sellout of the project.”