Hilson Management Corporation Secures $32.7M Loan For Office Property At 385 Fifth Avenue

Hilson Management Corporation, represented by Jeremy Schwalbe, has secured a three-year loan extension for its office property located at 385 Fifth Avenue in Midtown South, Manhattan. The loan amounts to $32.7 million and is backed by commercial mortgage-backed securities (CMBS).

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $32,700,000
• Address: 385 Fifth Avenue
• Market: Midtown South, Manhattan

The loan extension was successfully negotiated by Iron Hound Management Company's representatives, Christopher Herron and Kevin Thompson. The deal ensures that Hilson Management Corporation can continue to leverage the value of their office property in Midtown South.