Metropolitan Commercial Bank Provides $17.4M Loan For Retail Property At 376 Broadway, 508 Broadway

Two retail properties in Tribeca and Soho have been involved in a closed transaction. The properties, located at 376 Broadway and 508 Broadway respectively, have a total square footage of 14,896. The deal has been facilitated by Metropolitan Commercial Bank, which provided a loan in the amount of $17,388,000. The properties are owned by Premier Equities, a notable landlord in the area.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $17,388,000
• Square Footage: 14,896
• Properties: 376 Broadway, 508 Broadway
• Market: Tribeca, Soho
• Lender: Metropolitan Commercial Bank
• Landlord: Premier Equities

The deal's key individuals and companies include Metropolitan Commercial Bank, acting as the lender, and Premier Equities, serving as the property owner. Metropolitan Commercial Bank, a prominent financial institution, has facilitated the transaction by providing the required loan. Premier Equities, a well-known landlord in the area, has secured the properties located at 376 Broadway and 508 Broadway.