Ezra Sutton Of Meridian Capital Group Secures $16 Million Refinance Loan For Multifamily Asset In Manhattan

The asset involved in this transaction is located at 185 East 3rd Street and 209 East 10th Street in Manhattan. It is classified as a multifamily property. The loan amount secured for this asset is $16,000,000, which is part of a refinance arrangement featuring a 5.50% interest rate with cash-out, structured as a non-recourse loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,000,000
• Loan Type: Refinance
• Loan Rate: 5.50%
• Loan Structure: Cash-out, non-recourse
• Broker: Ezra Sutton - Meridian Capital Group
• Date of Transaction: 11/26/2025

The deal was brokered by Ezra Sutton, who represents Meridian Capital Group in this transaction. The financing structure reflects a strategic move in the real estate financing sector, focusing on multifamily properties within the Manhattan market, facilitating the capital needs of the asset owner.