facebook
Traded Co logo
Submit
Daily limit: 0/10

Wayne Michael Boich And Andrew Mathias Secure $25 Million Refinance Loan For Retail Property In Times Square

Property Image
FINANCED
$25,000,000

New York

See Similar Deals
Retail7,887 SF
Financed 05/18/2026
the dealplayerscompscontact
Property Image
FINANCED

Wayne Michael Boich And Andrew Mathias Secure $25 Million Refinance Loan For Retail Property In Times Square

719 7th Avenue

See Similar Deals
Retail7,887 SF
Financed 05/18/2026
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$3,169
Total Square Footage:7,887 SF
Transaction Type:Loan

The retail property located at 719 7th Avenue in the Times Square area of Manhattan encompasses a total square footage of 7,887 and a building square footage of 20,150. The property has undergone refinancing with a loan amount of $25,000,000.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $25,000,000
  • Address: 719 7th Avenue
  • Market: Times Square, Manhattan
  • Lender: Hanmi Bank
  • Landlord: Wayne Michael Boich - Boich Investment Group & Andrew Mathias
  • Previous Loan Amount: $23,000,000
  • Previous Loan Holder: VerCap Management
  • Loan Type: Refinance

Wayne Michael Boich and Andrew Mathias of Boich Investment Group are the landlords involved in the refinancing of the retail property. The transaction signifies their strategic decision to replace an earlier $23 million loan held by VerCap Management with the new loan from Hanmi Bank.

Players

Hanmi Bank
Hanmi Bank
LENDER

Details

FINANCED
IMAGE: Wayne Michael Boich & Andrew Mathias DATE: 05/18/2026 ADDRESS: 719 7th Avenue MARKET: Times Square, Manhattan ASSET TYPE: Retail ~ SF: 7,887 ~ BSF: 20,150 LENDER: Hanmi Bank LANDLORD: Wayne Michael Boich - Boich Investment Group & Andrew Mathias LOAN AMOUNT: $25,000,000 LOAN TYPE: Refinance NOTE: Boich Investment Group and Andrew Mathias refinanced the retail property at 719 Seventh Avenue with a $25 million loan from Hanmi Bank, replacing a $23 million loan held by VerCap Management.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$25,000,000.00

Monthly NOI$166,666.67
Monthly Debt Service$158,017.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00