Meridian Capital Group Secures $8M Refinance Loan For Diamond District Office Condominium

The commercial office condominium located at 50 West 47th Street in NYC's Diamond District has recently undergone a loan transaction. The property, known as the International Gem Tower, spans approximately 12,900 square feet. It is situated on the entire upper full floor, offering high-security features and dedicated elevator access.

Summary of transaction details

• Property Type: Commercial Office Condominium
• Transaction Amount: $8,000,000
• Loan Type: Refinance
• Loan Terms: 5+5+5 Years, 5.44% Rate, 30-Year Amortization
• Address: 50 West 47th Street, NYC
• Market: Diamond District

The loan transaction was facilitated by the brokers Asher Haft, Allan Lieberman, and Jacob Kaufman of Meridian Capital Group. They represent the parties involved in this deal, ensuring a smooth refinancing process.

It is worth noting that this property offers a unique opportunity for businesses in the Diamond District. With its prime location and exclusive features, the International Gem Tower is a sought-after space for commercial purposes.