Prodigy: Crowdfunding firm seeks $30M bailout for second commercial building

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 millionThe post Crowdfunding firm seeks $30M bailout for second commercial building appeared first on The Real Deal New York.