Meridian Capital Group Secures $13M Loan For 59K SF Office Property In Inwood And Mott Haven

Argentic Real Estate Finance provided a $13,000,000 loan for the office property located at 4781 Broadway, 323-326 East 148th & East 149th Street. The asset, spanning 59,000 square feet, is situated in the Inwood and Mott Haven markets.

Summary of transation details

• Property Type: Office
• Transaction Amount: $13,000,000
• Market: Inwood, Mott Haven
• Address: 4781 Broadway, 323-326 East 148th & East 149th Street
• Square Footage: 59,000

This loan transaction was made possible by Argentic Real Estate Finance. The landlord of the property is C. Gershon And Co., represented by Robert Gershon. The brokers involved in the deal were Simon Rosenfeld, Jeff Weinberg, and Craig Berger from Meridian Capital Group. The loan terms included a fixed interest rate of 3.375% for a period of 10 years. Notably, the entire transaction process, from start to finish, was completed within 14 business days.