UBS Provides $135 Million Loan To Midtown Equities For Meatpacking District Property Refinance

The property asset involved in this transaction is a mixed-use building located at 29-33 Ninth Avenue in the Meatpacking District, comprising a total square footage of 87,537. The loan amount secured for this property is $135,000,000 with a loan agreement characterized by a 10-year term and a 6.44% coupon. The refinancing serves to replace an existing mortgage.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $135,000,000
• Address: 29-33 Ninth Avenue
• Market: Meatpacking District
• Square Footage: 87,537
• Lender: UBS
• Landlord: Joseph Cayre - Midtown Equities
• Loan Terms: 10-year loan

This transaction involved key individuals and companies including UBS as the lender and Joseph Cayre, representing Midtown Equities as the landlord managing the property. The loan allows for the refinancing of prior financial obligations tied to the asset.