Signature Bank Provides $15.5M Loan For Condo In Flatiron District

260 Park Avenue South in the Flatiron District has recently been involved in a loan transaction. The condo property, spanning 15,169 square feet, was part of a deal facilitated by Signature Bank and its representative Michael Riegler. The loan amount for this transaction was $15,493,026. The property is owned by Tessler Developments, with Yitzchak Tessler as the landlord.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $15,493,026
• Address: 260 Park Avenue South
• Market: Flatiron District
• Square Footage: 15,169

Yitzchak Tessler, representing Tessler Developments, acted as the landlord in this transaction. Michael Riegler, from Signature Bank, played a key role as the lender's representative. This successful loan deal highlights the collaboration between prominent individuals and institutions in the real estate industry.