Flushing Bank Provides $8.7M Refinance Loan For Mixed-Use Property In Hell's Kitchen Manhattan

The asset involved in this transaction is a mixed-use property located at 732 8th Avenue & 346-48th West 46th Street in the Hell's Kitchen market of Manhattan. The property measures 23,201 square feet and has a loan amount of $8,700,000, which is secured through a refinance loan.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $8,700,000
• Loan Type: Refinance
• Loan Terms: 3 Year FHLBNY + 3% (Fixed Rate)
• Lender: Flushing Bank
• Brokers: Ben Schlegel, Matt Swerdlow, Rhea Vivek & Christoffer Brodhead - Ariel Property Advisors

The transaction involved several key individuals from Ariel Property Advisors, specifically Ben Schlegel, Matt Swerdlow, Rhea Vivek, and Christoffer Brodhead, who represented the parties involved in securing the refinance loan from Flushing Bank.