222 Lake Partners LLC Secures $9.25M Refinance Loan For Iconic Yonkers Restoration Project

Located at 222 Lake Avenue in Yonkers, the mixed-use property spans 55,000 square feet. The recent transaction involved a refinance loan of $9,250,000 facilitated by Tompkins Community Bank for the property owned by 222 Lake Partners LLC. The property's landlord's counsel for this deal was David R Lachtman from Lachtman Cohen & Belowich LLP.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $9,250,000
• Market: Yonkers
• Lender: Tompkins Community Bank
• Landlord: 222 Lake Partners LLC
• Landlord's Counsel: David R Lachtman - Lachtman Cohen & Belowich LLP

David R Lachtman, serving as the landlord's counsel, played a key role in securing the $9.25 million financing for the property at 222 Lake Avenue. The property, known as 222 Mills, is undergoing a restoration project within the iconic Alexander Smith Carpet Mills, aiming to transform it into a vibrant community hub in Yonkers. The owner's vision includes modern workspaces, dining options, and leisure activities, with the goal of revitalizing the historic space as a center for creativity and connection in the area. For more information, interested individuals can visit the property's website at www.222mills.com or explore updates on Instagram through @222millsyonkers.