H.I.G. Capital Secures $51M Refinance Loan For 22 Condo Units In Financial District | 33-34 Park Row | Emerald Creek Capital | Condo | Loan

Summary

Loan

NEW YORK

Condo

H.I.G. Capital has secured a refinancing loan worth $51 million from Emerald Creek Capital for 22 residential condo units located at 33-34 Park Row in the Financial District of Manhattan. The loan was obtained through ECC 33 PR LLC.

Summary of transaction details

Property Type: Condo
Transaction Amount: $51,000,000
Units: 22
Address: 33-34 Park Row
Market: Financial District, Manhattan

Emerald Creek Capital, represented by Mark Penna, served as the lender for the loan. Meanwhile, H.I.G. Capital, represented by Ira Weidhorn, acted as the landlord in the transaction.

This refinancing deal marks an important milestone for H.I.G. Capital and demonstrates their commitment to the Financial District property market in Manhattan.

Players

All
1

Lenders
1

Emerald Creek Capital

Details

Deal Summary

FINANCED

IMAGE: Ira Weidhorn & Mark Penna DATE: 06/01/2023 ADDRESS: 33-34 Park Row MARKET: Financial District, Manhattan ASSET TYPE: Condo ~ UNITS: 22 LENDER: Emerald Creek Capital (@EmeraldCreekCapital) - Mark Penna LANDLORD: H.I.G. Capital - Ira Weidhorn LOAN AMOUNT: $51,000,000 LOAN TYPE: Refinance NOTE: H.I.G. Capital secured a refinancing loan worth $51 million from Emerald Creek Capital, through ECC 33 PR LLC, for 22 residential condo units located at 1 Beekman Street, also known as 33-34 Park Row, in the Financial District of Manhattan.

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Address33-34 Park Row

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