X'in Capital Secures $63 Million Acquisition Loan For Retail Asset At 303 West 42nd Street

The property asset involved in the transaction is a retail space located at 303 West 42nd Street, situated in Hell's Kitchen, Manhattan. The asset encompasses a total square footage of 144,000 and is part of a larger market evaluation. The acquisition loan secured for this property amounts to $63,000,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $63,000,000
• Asset Address: 303 West 42nd Street
• Market: Hell's Kitchen, Manhattan
• Lender: White Oak Real Estate Capital & Intervest Capital Partners
• Landlord: X'in Capital - Jerry Tang
• Broker: Daniel Fromm - Newmark
• Loan Type: Acquisition

Key participants in this transaction include the landlord Jerry Tang of X'in Capital, representing the ownership of the property. The broker for this deal, Daniel Fromm of Newmark, facilitated the loan agreement with the lenders, White Oak Real Estate Capital and Intervest Capital Partners, ensuring a successful acquisition financing process.