Mitsubishi UFJ Financial Group Inc. Provides $30.9 Million Refinance For Mixed-Use Property In Lower East Side

The property asset involved in this transaction is a mixed-use development located at 10 Rutgers Street in the Lower East Side market, comprising a total of 83 units. The refinancing loan amount secured for this asset is $30,900,000, with Mitsubishi UFJ Financial Group, Inc. serving as the lender. The financing structure has been arranged to fortify the financial standing of the asset for its landlords, AMAC & Tokyu Land US Corporation.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $30,900,000
• Loan Type: Refinance
• Address: 10 Rutgers Street
• Market: Lower East Side
• Units: 83
• Lender: Mitsubishi UFJ Financial Group, Inc.
• Landlord: AMAC & Tokyu Land US Corporation
• Brokers: Lauren Kaufman, Michael Shmuely, John Flynn & Rob Hinckley - JLL

Key individuals involved in this deal include brokers Lauren Kaufman, Michael Shmuely, John Flynn, and Rob Hinckley, who represent the interests of the landlord in this refinancing transaction. Their collaboration highlights the strategic partnerships prevalent in the real estate lending environment, ensuring that the asset is positioned effectively within the market.