Harlan Berger Of Centaur Properties Secures $23M Refinance Loan For Flatiron District Office

The asset involved in this transaction is an office property located at 33 East 21st Street in the Flatiron District of Manhattan, with a total square footage of 100,000. The property is part of the office market and has undergone a refinancing process with a new loan amounting to $23,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $23,000,000
• Previous Loan Amount: $20,000,000
• Previous Lender: Webster Bank
• Lender: Customers Bank
• Landlord: Harlan Berger
• Landlord's Company: Centaur Properties

The refinancing of this property was facilitated by Harlan Berger, representing Centaur Properties, allowing for a restructuring of the financial obligations attached to the asset. The transition from Webster Bank to Customers Bank reflects a strategic move to optimize financing for the landlord's portfolio.