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

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.