Prodigy: Troubled crowdfunding firm sells building at $10M loss

Crowdfunding firm Prodigy Network has sold one of its commercial properties at a $10 million loss, creating further uncertainty for investors in the troubled firm. The company sold 114 East 25th Street - where it operates the co-working space "The Assemblage" - for $41.3 million, property records show. Prodigy purchased the 12-story building for $51 million in 2016, borrowing $35 million. Investors in the building were required to put in a minimum of $50,000, accordingThe post Troubled crowdfunding firm sells building at $10M loss appeared first on The Real Deal New York.