New York Community Bank Modifies $2.68M Loan For 76 Pearl Street Mixed-Use Property In FiDi

A mixed-use property located at 76 Pearl Street in the Financial District (FiDi) recently underwent a loan modification. The loan was facilitated by New York Community Bank, and the transaction was brokered by Michael Helmreich and Avi Geller of Meridian Capital Group. The loan amount was $2,685,000, and it carries a term of 5 years and a rate of 3.5%.

Summary of transaction details:

• Property Type: Mixed-use
• Address: 76 Pearl Street
• Market: FiDi
• Lender: New York Community Bank
• Brokers: Michael Helmreich & Avi Geller - Meridian Capital Group
• Loan Amount: $2,685,000
• Loan Type: Modification
• Loan Term: 5 Years
• Loan Rate: 3.5%

Michael Helmreich and Avi Geller of Meridian Capital Group played a key role in facilitating this loan modification. Their expertise in the industry and their representation of the parties involved contributed to the successful completion of this deal.