facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Mixed Use

/

Loan

/

301 Canal Street

United American Land Secures $28 Million Refinance Loan For Mixed-Use Building At 301 Canal Street
FINANCEDMixed-use

United American Land Secures $28 Million Refinance Loan For Mixed-Use Building At 301 Canal Street

301 Canal Street

$28,000,000

Building Size

Asset Type

Mixed-use

Closing

Nov 25, 2025

AI

The asset involved in this transaction is a mixed-use building located at 301 Canal Street, situated in the SoHo market of Manhattan. The refinance loan amount secured for this property is $28,000,000.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $28,000,000
  • Lender: Peter F. Cervinka - Cerco Funding
  • Landlord: Albert Laboz - United American Land
  • Loan Type: Refinance
  • Date: 11/25/2025

Peter F. Cervinka represents Cerco Funding, acting as the lender in this transaction, while Albert Laboz represents United American Land as the landlord. The refinancing was conducted through 419 MM LLC, facilitating the financial transaction for the mixed-use building.

Players

Cerco Funding
Cerco FundingLender
United American Land
United American LandLandlord

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93