Life Insurance Company Provides $15.5 Million Refinance Loan For Retail Asset In Union Square

The asset involved in this transaction is a retail property located on West 14th Street in the Union Square market. The property is associated with a refinance loan amount of $15,500,000 with a loan term of 6.04% and is non-recourse.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $15,500,000
• Lender: Life Insurance Company
• Broker: Zachary Grossman - Meridian Capital Group
• Loan Type: Refinance
• Loan Terms: 6.04%; non-recourse

Zachary Grossman of Meridian Capital Group represented the borrower in this transaction, facilitating the refinance process with the Life Insurance Company as the lender involved in the deal.