Morgan Stanley Provides $7.1M Refinance Loan For Mixed-Use Property In East Village

The property involved in this transaction is located at 180 1st Avenue in the East Village market. It is classified as a mixed-use asset, reflecting a blend of residential and commercial spaces. The refinancing loan amount for this property is $7,100,000, which is crucial for managing its financial structure.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $7,100,000
• Lender: Morgan Stanley
• Date of Transaction: 10/23/2024
• Brokers: David Hayum & Michael Farkovits - Meridian Capital Group

David Hayum and Michael Farkovits from Meridian Capital Group played vital roles as brokers in this refinancing deal. Their expertise and representation facilitated the transaction with Morgan Stanleyas the lender, ensuring a smooth process for the involved parties.