Sassan Mahfar, Sina Mahfar & Simin Mahfar Of SMA Equities Refinance Manhattan Properties With $31.2M Loan

The asset involved in this transaction consists of mixed-use and office properties located at 1220 Lexington Avenue, 108 Delancey Street, and 113 Stanton Street in Manhattan. The total building square footage (BSF) is 55,868, with 34,238 square feet (SF) dedicated to office space.

Summary of transaction details:

• Property Type: Mixed-use & Office
• Transaction Amount: $31,200,000
• Lender: Safra National Bank
• Landlord: Sassan Mahfar, Sina Mahfar & Simin Mahfar - SMA Equities
• Loan Type: Refinance
• Previous Loan Amount: $28,000,000

This transaction involves SMA Equities, represented by Sassan Mahfar, Sina Mahfar, and Simin Mahfar as the landlords, who refinanced five Manhattan properties, prominently featuring the specified addresses. The refinancing from Safra National Bank was aimed at replacing the prior loan for enhanced financial management.