East End Capital, Grandview Partners, K Property Group Secure $66.7M Construction Loan For Boutique Office And Retail Building On East Houston Street

141 East Houston Street, located in the Lower East Side, is a to-be-built boutique office and retail building. This Class A property will have a net RSF of 62,925 square feet and is situated along East Houston, a popular thoroughfare between the trendy SoHo, East Village, and Lower East Side neighborhoods.

Summary of transaction details

• Property Type: Office & Retail
• Transaction Amount: $66,700,000
• Address: 141 East Houston Street
• Market: Lower East Side
• Senior Lender: Capital Source
• Mezz Lender: Canyon Partners
• Sponsor: East End Capital, Grandview Partners, K Property Group
• Brokers: Aaron Appel, Jonathan Schwartz, Michael Diaz, Patrick Cotter

The sponsors for this project are East End Capital, Grandview Partners, and K Property Group. The brokers involved in the transaction are Aaron Appel, Jonathan Schwartz, Michael Diaz, and Patrick Cotter.

Please note that the loan for this project is a construction loan.