Realm And Delshah Capital Secure $88 Million Acquisition Loan For Office Building In Manhattan

The asset involved in this transaction is an office building located at 156 West 56th Street in Manhattan, offering a total of 377,500 square feet. The acquisition was valued at $137.5 million, with Affinius Capital providing a loan amount of $88 million specifically for the office portion of the CitySpire project.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $137,500,000
• Loan Amount: $88,000,000
• Loan Type: Acquisition
• Market: Manhattan
• Landlord: Realm
• Landlord's Representatives: Michael Shah - Delshah Capital & A.M. Property Holding Corporation
• Brokers: Adam Spies, Avery Silverstein, Adam Doneger, Joshua King, Marcella Fasulo, Jordan Roeschlaub, Christopher Kramer, Nick Scribani, Tim Polglase - Newmark

This transaction included a joint venture involving DelShah Capital, A.M. Property Holding Corporation, and REALM, with Affinius Capital facilitating the acquisition financing. The lenders and brokers involved played a significant role in orchestrating the deal, ensuring the successful transfer of the property assets.