Jeff Sutton's Wharton Properties Secures $20.3M Refinance Loan From Provident Bank For Mixed-Use Asset

The asset involved in the transaction is a mixed-use retail building located at 40 West 34th Street in Manhattan's Penn Plaza. Wharton Properties secured a refinancing loan of $20.3 million for this property, with the deal closing on June 21, 2026.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $20,300,000
• Lender: Provident Bank
• Landlord: Jeff Sutton - Wharton Properties
• Loan Type: Refinance
• Closing Date: June 21, 2026

This transaction highlights Jeff Sutton, representing Wharton Properties, as the key individual in securing the refinance loan through Provident Bank. The refinancing will likely enable further development or enhancement of the mixed-use asset in a prime Manhattan location.