First Republic Bank Provides $18M Refinance Loan For Office Building At 101 East 106th Street In New York

The property asset involved in this closed transaction is an office located at 101 East 106th Street in New York. The property spans a total of 213,000 square feet and comprises 4 units. The deal was closed on 03/29/2022.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $18,000,000
• Address: 101 East 106th Street
• Market: New York
• Square Footage: 213,000
• Units: 4

The lender for this transaction was First Republic Bank. The loan amount for the refinance was $18,000,000. The loan terms include a 10-year duration with an interest rate of 3.40%. The loan is structured as interest-only.

The brokers representing the deal were Elliott Birnbaum, Kerry Brick, and Bryan Brunell from Meridian Capital Group.