First Republic Bank Provides $98M Refinance Loan For Flatiron House Condominium In Flatiron Market

Adam Hakim, Andrew Iadeluca, and James Murad have shared an image on Instagram, providing some details about a closed property transaction. The transaction took place on 07/01/2022 at 39 West 23rd Street in the Flatiron market. The property involved in this transaction is a condominium consisting of 44 residential units.

Summary of transaction details

• Property Type: Condominium
• Transaction Amount: $98,000,000
• Address: 39 West 23rd Street
• Market: Flatiron
• Units: 44

The lender for this transaction was First Republic Bank. Anbau served as the landlord in this deal. The brokers who facilitated the transaction were Adam Hakim, Andrew Iadeluca, and James Murad from Meridian Capital Group.

The loan amount for this transaction was $98,000,000, and it was a refinance loan. The loan terms included a low fixed rate and a full-term interest-only structure.

According to the brokers, the Flatiron House, the condominium property involved in the transaction, features 44 residential units, including two penthouses and one townhome. They arranged a low fixed-rate, non-recourse loan for this unique property.

To get more information about the transaction, you can contact Andrew Iadeluca directly at 315-480-2540 or via email at [email protected].