James D. Ryan III Secures $17.6M Refinance Loan From Webster Bank For 31-Unit Multifamily Property

The asset involved in this transaction is a multifamily property located at 135 Avenue A in the East Village market of Manhattan. It has a total area of 27,266 square feet and consists of 31 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $17,600,000
• Lender: Webster Bank
• Landlord: James D. Ryan III - Ryco Capital
• Loan Type: Refinance

This refinancing transaction was executed by RYCO Capital, specifically through West Lake 135-139 Avenue A LLC, which replaced a previous loan of $17 million from Derbby Copeland Capital with the new loan obtained from Webster Bank.