Cornerstone Capital Financing Refinances Mixed-Use Property At 57 East 54th Street In NYC For $3.5M

The mixed-use property located at 57 East 54th Street in New York City has recently undergone a refinance transaction. The loan amount secured for this property is $3,500,000. The loan terms include a 24-month interest-only period with no principal payment, no interest reserve, and non-recourse agreement.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $3,500,000
• Address: 57 East 54th Street, New York City
• Market: New York City

The landlord of 57 East 54th Street is Noel Kearns. The brokers involved in this transaction are Russell Nova and Igor Zakh from Cornerstone Capital Financing. Cornerstone Capital Financing was able to secure the loan for this property within a time-sensitive need. Their strong banking relationships allowed them to close on the property in only 3 days after submission. Cornerstone Capital Financing offers a range of services including in-house underwriters, analysts, relationship managers, and loan coordinators. For any financing requests, you can contact Russell Nova at russell@csg-ny.com or Igor Zakh at [email protected].