LMF Commercial Provides $36 Million Refinance Loan For Retail Asset In Noho, Manhattan
$36,000,000
$1,297/SF
Building Size
27,742 SF
Asset Type
Retail
Closing
Jul 6, 2026
AI
The asset involved in the transaction is a retail property located in Noho, Manhattan, with a total square footage of 27,742. The loan amount secured for this asset is $36,000,000, which falls under the refinance category. The financing is structured as a CMBS loan with a 5-year fully extended interest only (FTIO) term.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $36,000,000
- Market: Noho, Manhattan
- Loan Type: Refinance
- Loan Terms: CMBS- 5 Year FTIO
- Lender: LMF Commercial
- Originator: Nihad Choudhury
Key individuals involved in the transaction include Nihad Choudhury, who served as the originator for the loan from LMF Commercial, facilitating the refinancing process for the retail property in Noho.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93