Signature Bank Provides $76M Refinance Loan For 21 Property Portfolio In Upper Manhattan - Meridian Capital Group Handles Brokerage

A loan has been secured for the 21 Property Portfolio located in Upper Manhattan in New York. The portfolio consists of multifamily properties.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $76,000,000
• Market: New York
• Loan Type: Refinance
• Loan Terms: 4.10 for 5 years – Interest only component

The lender for this transaction is Signature Bank, represented by Joe Fingerman and Mark Kraehling. The brokers involved in the deal are Morris Diamant and Tzvi Krieger from Meridian Capital Group. The lender's counsel is Jaspan Schlesinger LLP, while the borrower's counsel is Jeffrey Zwick & Associates.

This loan provides significant financing for the 21 Property Portfolio in Upper Manhattan. With a loan amount of $76,000,000, the borrower can refinance their multifamily properties. The terms of the loan include a 4.10% interest rate for 5 years with an interest-only component.