Michael Chetrit Of Chetrit Organization Purchases $40M Note Secured By 428 Broadway In SoHo

A partnership between the Chetrit Organization and American Industrial purchased a $40 million note from LoanCore Capital. The note is secured by an office building located at 428 Broadway in SoHo, Manhattan, encompassing 42,000 square feet.

Summary of transaction details:

• Property Type: Note / Loan
• Transaction Amount: $40,000,000
• Address: 428 Broadway
• Market: SoHo, Manhattan
• Buyer: Michael Chetrit - Chetrit Organization; Roget Lerner & Jean-Marc Donics - American Industrial
• Lender: LoanCore Capital
• Broker: Robert Verrone & Will Forbes - Ironhound

The transaction involved key players, including Michael Chetrit of the Chetrit Organization and Roget Lerner along with Jean-Marc Donics of American Industrial, who collaborated to acquire the note. LoanCore Capital acted as the lender in this deal, with brokerage services provided by Robert Verrone and Will Forbes from Ironhound.