Deepdale Funding Provides $5.5M First Mortgage Bridge Loan For Mixed-Use Property In Chelsea, NY

725 Avenue Of The Americas, located in Chelsea, has recently undergone a closed transaction. This mixed-use property spans across 6,272 square feet and consists of 7 units. The asset, known for its prime location, was part of a closed deal with a loan.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $5,500,000
• Lender: Deepdale Funding - Jeremy Markowitz
• Landlord: Simon Abeckaser
• Broker: Lenny Sporn - SNRE Group

The loan, a first mortgage bridge loan, was provided by Deepdale Funding, with Jeremy Markowitz representing the lender. Simon Abeckaser acted as the landlord in this transaction. The deal was facilitated by Lenny Sporn of SNRE Group, who represented the parties involved.