Glacier Equities & Holliswood Development Secures $26.5 Million Loan At 36 East 12th Street

The asset involved in this transaction is an office property located at 36 East 12th Street in the NoHo market of Manhattan, comprising a total square footage of 37,183. The transaction reflects a loan amount of $26,500,000, structured as $8,000,000 in LP Equity and $18,500,000 in Acquisition Debt.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $26,500,000
• Address: 36 East 12th Street
• Market: NoHo, Manhattan
• Asset Size: 37,183 SF
• Lender: Allegiant Real Estate Capital
• Landlord: Glacier Equities & Holliswood Development
• Brokers: Dylan Kane & Zach Redding - Colliers
• Loan Terms: LP Equity ($8,000,000) & Acquisition Debt ($18,500,000)

The key individuals involved in the transaction include representatives from the lending institution, Allegiant Real Estate Capital, and the landlords, Glacier Equities and Holliswood Development, who are engaged in this financial arrangement through their respective brokers, Dylan Kane and Zach Redding from Colliers.