Meridian Capital Group Arranges $13.14M Loan Refinance For Mixed-use Property In Hudson Yards

The property involved in this transaction is located at 484 & 492 9th Avenue in Hudson Yards, Manhattan. It is a mixed-use asset in a prime location. The loan amount for the refinance is $13,140,000 with a 5-year term. The loan is of interest-only type with a 6.50% rate and flexible prepayment terms.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $13,140,000
• Market: Hudson Yards, Manhattan
• Brokers: Matt Buggenhagen, Jason Labriola & Anthony Colicino - Meridian Capital Group
• Loan Type: Refinance
• Loan Terms: 5-year term, Interest Only 6.50% Rate Flexible Prepayment

The deal was facilitated by brokers Matt Buggenhagen, Jason Labriola, and Anthony Colicino from Meridian Capital Group. Their expertise and experience played a crucial role in securing this refinancing loan. This transaction showcases their ability to navigate the market and negotiate favorable terms for their clients.