JTRE Holdings Secures $20M Loan For Mixed-Use Property In Midtown East | 1004 2nd Avenue | Morris Dweck | Mixed-use | Loan

Summary

Loan

NEW YORK

Mixed-use

17,418 sqft

JTRE Holdings, led by Jack Terzi, has secured a $20 million loan from Peapack Gladstone for a mixed-use property located at 1004 2nd Ave in Midtown East. The property spans 17,418 square feet and is situated in a prime market.

Summary of transaction details

Property Type: Mixed-use
Transaction Date: 10/26/2018
Address: 1004 2nd Ave
Market: Midtown East
Square Footage: 17,418
Lender: Peapack Gladstone
Landlord: Jack Terzi - JTRE Holdings
Brokers: Morris Dweck - ABS Altman Warwick

Morris Dweck of ABS Altman Warwick represented JTRE Holdings in the transaction. The loan terms are fixed for 10 years, providing the necessary financing for Jack Terzi's real estate venture.

Players

All
2

Agents
1
Agencies
1

Morris Dweck

Executive Director

Kassin Sabbagh Realty

Details

Deal Summary

FINANCED

IMAGE: Jack Terzi and Morris Dweck DATE: 10/26/2018 ADDRESS: 1004 2nd Ave MARKET: Midtown East ASSET TYPE: Mixed-use SF: 17,418 LENDER: Peapack Gladstone LANDLORD: Jack Terzi - JTRE Holdings BROKERS: Morris Dweck - ABS Altman Warwick LOAN AMOUNT: $20,000,000 LOAN TERMS: 10 Years Fixed

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Address1004 2nd Avenue

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