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Gardner Tanenbaum Secures $63M Loan For Oklahoma City Office Conversion

101 North Broadway Avenue
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This Office property located in OK received a loan of $63,000,000 5 months ago. The brokers of the deal were Todd McNeill and Sunny Sajnani

Gardner Tanenbaum has secured a $63 million refinancing loan for the conversion of two historic office buildings in Oklahoma City into 265 multifamily units. The property, located at 101 North Broadway Avenue and 100 Park Avenue, is an office asset in the market of Oklahoma City, OK. Richard Tanenbaum, the landlord of the property, is associated with Gardner Tanenbaum. The brokers representing the deal are Sunny Sajnani and Todd McNeill from IPA Capital Markets.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $63,000,000
  • Address: 101 North Broadway Avenue & 100 Park Avenue
  • Market: Oklahoma City, OK
  • Landlord: Richard Tanenbaum - Gardner Tanenbaum
  • Brokers: Sunny Sajnani & Todd McNeill - IPA Capital Markets

This financing deal is led by Gardner Tanenbaum and involves the conversion of the two historic office buildings into 265 multifamily units. The loan amount of $63 million will support the transformation of the property. Richard Tanenbaum, the landlord, is associated with Gardner Tanenbaum, while Sunny Sajnani and Todd McNeill from IPA Capital Markets serve as the brokers for the transaction.

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Deals
  • Location
    101 North Broadway Avenue101 North Broadway Avenue
  • Loan Value
    $63,000,000$63,000,000
  • Asset Type
    OfficeOffice
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Todd McNeill

Todd McNeill

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Financed$298.7M

Sunny Sajnani

Sunny Sajnani

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Financed$370.3M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6865
Volume$64B

Deal Summary

LOAN IMAGE: Richard Tanenbaum, Sunny Sajnani & Todd McNeill DATE: 10/13/2023 ADDRESS: 101 North Broadway Avenue & 100 Park Avenue MARKET: Oklahoma City, OK ASSET TYPE: Office LANDLORD: Richard Tanenbaum - Gardner Tanenbaum BROKERS: Sunny Sajnani & Todd McNeill - IPA Capital Markets LOAN AMOUNT: $63,000,000 LOAN TYPE: Refinance NOTE: Gardner Tanenbaum has secured a $63 million refinancing loan for the conversion of two historic office buildings in Oklahoma City into 265 multifamily units.

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