Ladder Capital Provides $29,500,000 Bridge Loan For MJ Orbach Associates Office In Manhattan

The property asset involved in this transaction is located at 260 West 39th Street in the Manhattan market. It is classified as an office asset and has an associated loan amount of $29,500,000 that is categorized as a bridge loan.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $29,500,000
• Lender: Ladder Capital
• Loan Originators: Marc Waldman, Matthew Baron & Jack Walsh
• Landlord: MJ Orbach Associates
• Brokers: Morris Betesh & Jack McPhail - Arrow Real Estate Advisors

The deal involves the loan origination team consisting of Marc Waldman, Matthew Baron, and Jack Walsh, who played key roles in securing financing for the landlord, MJ Orbach Associates. The brokerage representation was managed by Morris Betesh and Jack McPhail from Arrow Real Estate Advisors, indicating a strategic partnership in this transaction.