Maxim Capital, Sabal Investment Holdings & GDSNY Refinance Chelsfield & RAM Holdings' Soho Property For $50M

The property located at 114 Crosby Street in the SoHo market is a mixed-use asset comprising 144,000 square feet. The transaction involves a refinance loan amounting to $50 million. The property is currently undergoing redevelopment and has been newly renovated as a class-A boutique office space.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $50,000,000
• Address: 114 Crosby Street
• Market: Soho
• Asset Size: 144,000 SF
• Lender: Maxim Capital, Sabal Investment Holdings & GDSNY
• Landlord: Chelsfield & RAM Holdings
• Loan Type: Refinance

The financing will facilitate further tenant fit-outs and support the lease-up process of the 12-story building. Key individuals involved in the transaction include Alan Rudikoff, Jason Bordenick, Michael Kirchmann, Adam Glick, and Tal Seder, who are associated with the financing entities.