Tom Wu's ZD Jasper Realty Secures $4.6M Permanent Fixed-Rate Refinance Loan For Mixed-Use Property On W. 38th St. With Metropolitan Commercial Bank

The mixed-use property located at 18 W. 38th St. has recently undergone a permanent fixed-rate refinance. The transaction, which took place on February 2, 2019, involved a loan amount of $4,600,000. The property, owned by Tom Wu of ZD Jasper Realty, was refinanced through Metropolitan Commercial Bank. The deal was facilitated by brokers Adam Hakim, James Murad, and Andrew Iadeluca of Meridian Capital Group.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $4,600,000
• Loan Type: Permanent fixed-rate refinance
• Lender: Metropolitan Commercial Bank
• Borrower: Tom Wu - ZD Jasper Realty
• Brokers: Adam Hakim, James Murad, and Andrew Iadeluca - Meridian Capital Group

The loan transaction has provided Tom Wu and ZD Jasper Realty with the financial resources needed to continue their operations and potentially invest in further expansion. The deal showcases the trust placed in Metropolitan Commercial Bank as a reliable lender in the real estate market. Additionally, the involvement of brokers Adam Hakim, James Murad, and Andrew Iadeluca demonstrates their expertise in facilitating successful transactions.