Richard Carroll Of Transworld Equities Secures $7 Million Refinance For Mixed-Use Property In Flatiron District

The property asset involved in this transaction is a three-unit mixed-use property located at 861 Broadway in Manhattan's Flatiron District. The property has undergone refinancing, which involves a loan to replace the existing one.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $7,000,000
• Lender: East West Bank
• Landlord: Richard Carroll - Transworld Equities
• Previous Loan Amount: $6,000,000
• Previous Lender: Wells Fargo
• Transaction Date: 07/02/2026

This refinancing was handled by Transworld Equities, representing the landowner Richard Carroll, which resulted in securing the loan from East West Bank. This transaction replaces the earlier loan serviced by Wells Fargo, indicating a strategic financial move by the landlord.