The property asset involved in this transaction is a multifamily building located at 17-19 Bleecker Street in Manhattan. The acquisition was secured for a purchase price of $12,000,000 with a loan amount of $9,000,000, resulting in a loan-to-value ratio of 75%. The financing was structured with terms set for a duration of 2 years.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,000,000
• Loan Amount: $9,000,000
• Loan Type: Acquisition
• LTV: 75%
• Loan Terms: 2 Years
• Landlord: Ali Tabrizi, David Khaloyan & Benjamin Esshaghian - EKT Equities
• brokers: Dorian Aftalion, Morgan Ben-Moshe, David Oheb & Max Jacobson - Meridian Capital Group
• Date: 7/1/2025

The key individuals involved in this transaction include landlords Ali Tabrizi, David Khaloyan, and Benjamin Esshaghian from EKT Equities. Meridian Capital Group facilitated this transaction, with brokers Dorian Aftalion, Morgan Ben-Moshe, David Oheb, and Max Jacobson representing the deal. Notably, Meridian executed a competitive marketing process that achieved favorable terms for the client, closing the transaction seamlessly in just 29 business days.