Terrence Lowenberg & Todd Cohen Of Icon Realty Management Secure $42.8M Refinance Loan From Webster Bank

The transaction involves a mixed-use asset located at 316 West 14th Street, 320 West 14th Street, 610 East 9th Street, 353 Sixth Avenue, and 522 East 5th Street in the East Village. The total loan amount obtained through refinancing is $42,797,000.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $42,797,000
• Lender: Webster Bank
• Landlord: Terrence Lowenberg & Todd Cohen - Icon Realty Management
• Broker Representatives: Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Dustin Stolly, Michael Ianno & Sean Bastian - Walker & Dunlop
• Loan Type: Refinance

The deal was facilitated by a group of brokers from Walker & Dunlop, representing the landlords, Terrence Lowenberg and Todd Cohen, who are affiliated with Icon Realty Management. The comprehensive support from the brokerage team played a vital role in securing the refinancing for the participating properties.