Preferred Bank Provides $3.125M Refinance Loan For Mixed-Use Property In Hell's Kitchen

The property asset involved in the transaction is a mixed-use building located at 719 9th Avenue in Hell's Kitchen, Manhattan. The asset has a total square footage of 7,906 and the transaction includes a refinancing loan amounting to $3,125,000.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $3,125,000
• 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

Key individuals involved in the deal include Charles Han representing Preferred Bank and Jason Au representing the landlord in the transaction. Jason Au can be contacted at [email protected] for a competitive quote on property financing options such as bridge, permanent, or construction loans.