GFP Real Estate Refinances Mixed-Use Property In Union Square With $24M Loan From Amalgamated Bank

GFP Real Estate has secured a $24 million debt package from Amalgamated Bank to refinance its mixed-use property at 5-9 Union Square West in Manhattan. The property, located in Union Square, features Staples as a retail anchor and is owned by Jeff Gural of GFP Real Estate.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $24,000,000
• Lender: Amalgamated Bank
• Landlord: Jeff Gural - GFP Real Estate
• Broker: Paul Talbot - Newmark
• Loan Type: Refinance

In addition to securing the loan from Amalgamated Bank, the deal was facilitated by Paul Talbot of Newmark, who served as GFP Real Estate's broker representative. This refinancing transaction provides GFP Real Estate with the necessary funding to continue its operations and investments in the property at 5-9 Union Square West.