Emmes Asset Management Secures $20M Refinance Loan From Genesis LLC For Midtown West Properties

The asset involved in this transaction includes an office building located at 1672 Broadway and a retail site at 11 West 56th Street in Midtown West, Manhattan. The total square footage of the properties is 55,190. Emmes Asset Management secured a refinance loan of $20 million for these properties, engaging with Genesis LLC as the lender.

Summary of transaction details:

• Property Type: Office & Retail
• Transaction Amount: $20,000,000
• Loan Type: Refinance
• Address: 1672 Broadway & 11 West 56th Street
• Market: Midtown West, Manhattan
• Lender: Genesis LLC
• Landlord: Emmes Asset Management

This transaction highlights the involvement of Genesis LLC as the lender facilitating the refinance, while Emmes Asset Management is identified as the landlord responsible for the properties. The refinancing arrangement serves to enhance the financial positioning of Emmes Asset Management in managing its Midtown West assets.