Developers Secure $11M Refinancing Loan For Gramercy Condo And Retail Units | 250 East 21st Street | Lancewood Capital | Condo | Loan

Summary

Loan

NEW YORK

Condo

The property involved in this transaction is a condo located at 250 East 21st Street in Gramercy, Manhattan. The asset consists of seven unsold condominium units and three retail units within a 54-unit new development.

Summary of transaction details

Property Type: Condo
Transaction Amount: $10,995,800
Address: 250 East 21st Street
Market: Gramercy, Manhattan

Developers Claudio Soifer and Harry Karten, represented by SD Second Avenue Property LLC, secured a refinancing loan of $11 million from Lancewood Capital, with Tino Martins as the lender's representative. The loan has been obtained for the purpose of refinancing the unsold condominium and retail units in the development at 250 East 21st Street.

Players

All
1

Lenders
1

Lancewood Capital

Details

Deal Summary

FINANCED

IMAGE: 07/21/2023 ADDRESS: 250 East 21st Street MARKET: Gramercy, Manhattan ASSET TYPE: Condo LENDER: Lancewood Capital - Tino Martins LANDLORD: Claudio Soifer & Harry Karten LOAN AMOUNT: $10,995,800 LOAN TYPE: Refinance NOTE: Developers Claudio Soifer and Harry Karten, through SD Second Avenue Property LLC, secured an $11 million refinancing loan from Lancewood Capital for seven unsold condominium units and three retail units in the 54-unit new development at 250 East 21st Street in Gramercy, Manhattan.

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Address250 East 21st Street

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