RYCO Capital Secures $78.7M Refinance Loan In Greenwich Village, Manhattan

The multifamily properties located at 142 West 4th Street, 140 West 4th Street, and 34 Carmine Street in Greenwich Village, Manhattan, encompass 97 residential units and span approximately 92,209 square feet. The refinance loan amount secured for these properties amounted to $78,700,000, facilitated by Michael Savarese from Webster Bank. The landlord, James D. Ryan III of RYCO Capital, oversaw the transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $78,700,000
• Units: 97
• Lender: Michael Savarese - Webster Bank
• Landlord: James D. Ryan III - RYCO Capital

The refinance loan was secured by RYCO Capital, represented by the entity 502 Laguardia LLC. Michael Savarese, acting as the lender from Webster Bank, played a pivotal role in finalizing the $78.7 million transaction for the collection of properties in Greenwich Village. This refinancing deal underscores the financial strategy employed by the parties involved, solidifying the properties' position in the market.