FINANCED
Signature Bank Provides $20M Refinance Loan For Mixed-Use Property In Long Island City
Urban Yard, Long Island City
Mixed-use
285,000 SF
285,000 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Mixed-use
285,000 sqft
Signature Bank has provided a $20,000,000 loan to refinance a mixed-use property in Urban Yard, Long Island City. The property has a total square footage of 285,000. The loan terms include an interest rate of 4.75% and a full term interest-only payment structure.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $20,000,000
- Market: Urban Yard, Long Island City
- Square Footage: 285,000
In this transaction, Signature Bank acted as the lender, with Jesse Punn and Joe Fingerman representing the bank. The brokers involved in the deal were Morris Diamant and David Liechtung from the Meridian Capital Group.
Players
All
4
Agents
2
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Joe Fingerman, Morris Diamant & David Liechtung
DATE: 09/21/2022
MARKET: Urban Yard, Long Island City
ASSET TYPE: Mixed-use ~ SF: 285,000
LENDER: Signature Bank - Jesse Punn & Joe Fingerman
BROKERS: Morris Diamant & David Liechtung - Meridian Capital Group
LOAN AMOUNT: $20,000,000
LOAN TYPE: Refinance
LOAN TERMS: 4.75%, full term interest onlyView on map
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AddressUrban Yard, Long Island City
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