Jarret Schochet Of W Financial Provides $5.5M Refinance For 900 Grand Street Retail Property

The asset involved in this transaction is a retail property located at 900 Grand Street in Brooklyn. The property encompasses a total square footage of 22,600 and forms part of a prime market area. The loan for this property was structured as a refinance, amounting to $5,500,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,500,000
• Lender: Jarret Schochet - W Financial
• Broker: Brian Flax - Meridian Capital Group
• Loan Type: Refinance
• Closing Date: 12/12/2025
• Note from Broker: The loan replaced a maturing bank loan and provided the sponsor with time to lease up the vacant space while returning capital to the investors. The transaction closed in approximately 30 days on very competitive terms.

Jarret Schochet from W Financial served as the lender for this transaction, while Brian Flax from Meridian Capital Group acted as the broker. Their collaboration facilitated a critical financial restructuring allowing the property owner to address the leasing of the vacant space effectively.