Preferred Bank Provides $4.93 Million Refinance Loan For 700 10th Avenue In Hell's Kitchen

This mixed-use property located at 700 10th Avenue in Hell's Kitchen, Manhattan encompasses a total square footage of 7,750. A refinance loan amounting to $4,925,000 has been secured against this asset with a loan term of 7.25%, fixed for 5 years, alongside a 30-year amortization schedule.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $4,925,000
• Lender: Preferred Bank
• Lender's Representative: Charles Han
• Landlord's Representative: Jason Au
• Loan Type: Refinance
• Loan Terms: 7.25%, 5 Years Fixed Rate, 30-year amortization

Charles Han acted as the representative for Preferred Bank in this transaction, while Jason Au served as the representative for the landlord. Interested parties may contact Jason at [email protected] for competitive quotes on bridge, permanent, or construction loans.