Hilson Management Secures $47.4M Refinance Loan For Office Building At 386 5th Avenue

386 5th Avenue is an office asset located in the Garment District of Manhattan, covering a total area of 133,544 square feet. The property recently underwent refinancing, securing a loan amount of $47,400,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $47,400,000
• Lender: Ted Martell & David Aviram - Maverick Real Estate Partners
• Landlord: Jeremy Schwalbe - Hilson Management
• Previous Loan: $50,000,000 from Signature Bank
• Loan Type: Refinance

The refinancing transaction was facilitated by Ted Martell and David Aviram, who represent Maverick Real Estate Partners. Hilson Management, represented by Jeremy Schwalbe, coordinated the refinancing of the property.