American Realty Advisors Secures $210 Million Refinance Loan From Bank Of China For Lower East Side Condos

The transaction involves a refinance loan secured by American Realty Advisors for two properties located at 229 Chrystie Street and 95 East Houston Street, situated in the Lower East Side of Manhattan. The properties include a 361-unit rental condo at 229 Chrystie Street and a retail condo at 95 East Houston Street, with a total loan amount of $210 million.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $210,000,000
• Lender: Raymond Qiao - Bank of China
• Landlord: Scott Darling - American Realty Advisors
• Market: Lower East Side, Manhattan
• Loan Type: Refinance

Raymond Qiao from Bank of China acted as the lender in this transaction, while Scott Darling represented American Realty Advisors as the landlord for the properties involved in the refinance. The completion of this loan further highlights the partnership between financial institutions and real estate firms in facilitating property transactions.