Arch Companies And Tahari Capital Secure $70.5M Bridge Loan For Greenwich Village Office Property

A bridge loan in the amount of $70,500,000 has been secured for the property located at 88 University Place in Greenwich Village, Manhattan. The asset is an office space encompassing 94,000 square feet.

Summary of transation details

• Property Type: Office
• Transaction Amount: $70,500,000
• Address: 88 University Place
• Market: Greenwich Village, Manhattan
• Landlord: Arch Companies - Jeff Simpson & Jared Chassen & Tahari Capital - Jeremey Tahari
• Lender: CIM
• Brokers: Jonathan Aghravi & Eli Terry - JBA Equities
• Date: 05/23/2022

The lenders for this transaction are CIM, while the landlord is a collaboration between Arch Companies represented by Jeff Simpson and Jared Chassen, and Tahari Capital represented by Jeremey Tahari. The brokers involved in the deal are Jonathan Aghravi and Eli Terry from JBA Equities.