Shabse Fuchs Secures $36 Million Loan For MultiFamily Acquisition And Construction In Tribeca

The asset involved in the transaction is a MultiFamily property located at 317 Broadway in the Tribeca market of Manhattan. The property encompasses a total square footage of 51,530 and the loan amount secured for this asset is $36,000,000, categorized as an Acquisition & Construction Loan.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $36,000,000
• Address: 317 Broadway
• Market: Tribeca, Manhattan
• Asset Size: 51,530 SF
• Lender: Jacob Savitt & Kris Hamburger - Savris Holding
• Borrower: Shabse Fuchs
• Broker: Lillian Fried

The key individuals involved in this transaction include Jacob Savitt and Kris Hamburger, who represent Savris Holding as lenders. Shabse Fuchs is the borrower obtaining the loan, and Lillian Fried acts as the broker facilitating this deal.