ASG Equities Secures $33 Million Refinance Loan From Bank Of America For Retail Properties In Manhattan

The property asset involved in this transaction is a retail space consisting of 44,468 square feet, located at 10-12 Cortlandt Street, 173 Broadway, 175 Broadway & 177 Broadway in the Financial District of Manhattan. The transaction involves a refinance loan amounting to $33,000,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $33,000,000
• Lender: Bank of America (Private Wealth)
• Landlord: ASG Equities
• Brokers: David Oheb, John Bianco, David Hayum & Michael Farkovits - Meridian Capital Group
• Major Tenant: Century 21’s Flagship Department Store
• Loan Type: Refinance

This transaction was facilitated by brokers David Oheb, John Bianco, David Hayum, and Michael Farkovits from Meridian Capital Group. Notably, Oheb and Hayum were also involved in a previous refinancing deal in 2023 for ASG Equities, securing a $32 million loan to refinance 25 Church Street, a property featuring 53,634 square feet mixed-use space situated across from 1 World Trade Center and the Oculus.