Malachite Group Secures $12.1 Million Refinance Loan From Simmons Bank For 314 Grand Street

This mixed-use property is located at 314 Grand Street in Manhattan's Lower East Side, encompassing a total square footage of 29,465. The asset underwent a refinancing process, securing a loan amount of $12,100,000 from Simmons Bank.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $12,100,000
• Loan Type: Refinance
• Address: 314 Grand Street
• Market: Lower East Side, Manhattan
• Lender: Simmons Bank
• Landlord: Manouchehr Malekan - Malachite Group

Malachite Group, represented by Grand Street Commons LLC, completed the refinancing of their mixed-use building, successfully replacing prior debt from Dime Community Bank.