Jerry Levy Of Imperial Sterling Secures $12 Million Acquisition Loan For Mixed-Use Property In Manhattan

A mixed-use asset located at 1151-1153 Broadway in Manhattan is involved in a loan transaction. The property consists of retail and office spaces and has been acquired with a loan amount of $12,000,000. The loan is designated for acquisition purposes.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $12,000,000
• Lender: JP Morgan Chase
• Landlord: Jerry Levy - Imperial Sterling
• Broker: Brian Flax - Meridian Capital Group
• Loan Type: Acquisition

Brian Flax from Meridian Capital Group represented the transaction, successfully securing non-recourse, balance sheet financing for this acquisition. The property is located at the intersection of 28th and Broadway in the Nomad neighborhood, indicating its strategic position within the market.