Metropolitan Commercial Bank Provides $17.5M Loan For Retail Property At 2250 Broadway

The retail property located at 2250 Broadway in New York has been involved in a recent closed transaction. The property spans a total area of 34,302 square feet. The deal involved the landlord, Premier Equities & Angelo Gordon, and the lender, Metropolitan Commercial Bank.

Summary of transaction details

• Property Type: Retail
• Market: New York
• Address: 2250 Broadway

The acquisition of the property was financed through a loan provided by Metropolitan Commercial Bank. The loan amount was $17,500,000. It was a five-year fixed-rate loan with a term that included two years of interest-only payments. The brokers involved in the deal were Cary Pollack and Judah Neuman from Meridian Capital Group.