Signature Bank Provides $4.96M Refinance Loan For Retail Property At 136-150 Dyckman St. In New York (Carol Shelby, Eric Schleif - Meridian Capital Group Represented The Borrower)

136-150 Dyckman Street, a retail property located in New York, was recently involved in a loan transaction. The property spans an area of 18,327 square feet, making it a sizable asset in the market.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $4,960,000
• Date: 05/10/2022
• Lender: Signature Bank
• Landlord: Jem Realty Management - Alan J. Jemal
• Brokers: Carol Shelby & Eric Schleif - Meridian Capital Group

Carol Shelby and Eric Schleif, representing Meridian Capital Group, facilitated the loan transaction. The loan amount of $4,960,000 was provided by Signature Bank. This refinancing deal allowed the property's landlord, Jem Realty Management - Alan J. Jemal, to optimize their financial position.