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So Ho

Updated Sep 11, 2026

SOLD

ABP Capital Provides $27.7M Refinance Loan For Retail Asset In SoHo

So Ho

Building Size

Asset Type

Closing

Dec 18, 2022

About this deal

AI

Located at 106 Spring Street in SoHo, the retail property involved in the transaction was refinanced for a total loan amount of $27,700,000 secured by ABP Capital. The property is owned by Paceline Equity Partners.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $27,700,000
  • Lender: ABP Capital
  • Landlord: Paceline Equity Partners
  • Brokers: Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Daniel Fromm, Tim Polglase - Newmark

The deal was facilitated by the team of brokers consisting of Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Daniel Fromm, and Tim Polglase from Newmark. The refinancing transaction highlights the collaborative effort of these key individuals and companies.

Players

PP
Paceline Equity PartnersLandlord

London CRE Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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