Habib American Bank Provides $4.95M Refinance Loan For Office Building In Financial District, New York

The property involved in this transaction is an office space located at 27 Whitehall Street in the Financial District of New York, NY. The property spans 16,000 square feet and is being refinanced.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $4,950,000
• Lender: Habib American Bank
• Brokers: David Oheb & John Bianco - Meridian Capital Group
• Loan Type: Refinance
• Loan Terms: 6.50% Fixed Rate, Five Year Term, 30 Year Amortization, Extremely Flexible Prepayment Penalty

The loan is being provided by Habib American Bank and the brokers involved in the deal are David Oheb and John Bianco from the Meridian Capital Group. The loan amount is $4,950,000 and it is a refinance loan with a fixed rate of 6.50%. The loan has a five-year term and a 30-year amortization period. It also offers an extremely flexible prepayment penalty.

For more information on how Meridian can add value to your portfolio, please contact David Oheb at 212-612-0193 or [email protected].