KeyBank Provides $14.5M Loan For Retail Property On Madison Avenue

Located at 714 Madison Avenue in the Upper East Side, this retail property was involved in a recent transaction. The deal was facilitated by Simon Rosenfeld of Meridian Capital Group, acting as the broker representing the parties involved. The landlord of the property is Leslie J. Garfield.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $14,499,999
• Lender: KeyBank
• Loan Terms: 2.85% with a 10-year term & 10-years Interest Only
• Broker: Simon Rosenfeld - Meridian Capital Group

The loan for this transaction was provided by KeyBank. It amounted to $14,499,999 and came with a favorable interest rate of 2.85%. The loan terms include a 10-year term with 10-year interest-only payments. The involvement of Simon Rosenfeld from Meridian Capital Group as the broker adds an experienced perspective to the deal.