Citibank Provides $56 Million Refinance Loan For Albert Laboz's Office At 71 Spring Street

The property asset involved is a 56,340-square-foot office building located at 71 Spring Street in the SoHo market of Manhattan. The transaction features a loan amount of $56,000,000 through a refinance arrangement. This transaction replaces a prior loan of $36,000,000 from JPMorgan Chase.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $56,000,000
• Lender: Citibank
• Landlord: Albert Laboz - United American Land

The deal is notably supported by Citi Real Estate Funding, which facilitated the refinancing process. Albert Laboz is identified as the landlord associated with the asset, representing United American Land in this financial transaction.