Capital One Provides $120M Loan Extension For Office Properties In Midtown South & NoMad

A loan extension has been secured for multiple office properties in Midtown South and NoMad. The properties involved include 19 West 24th St., 119 West 24th St., 15 West 27th St., 45 West 27th St., and 234 Fifth Ave. These properties have a combined square footage of 365,000 square feet.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $120,000,000
• Lender: Capital One
• Landlord: Kaufman Organization - Michael Kazmierski & Lorenzo Bakewell-Stone - Kaufman Investments

The loan extension, provided by Capital One, amounts to $120,000,000. The landlord in this deal is the Kaufman Organization, represented by Michael Kazmierski and Lorenzo Bakewell-Stone of Kaufman Investments. This extension secures the financing for the mentioned office properties, allowing for continued operations and development within the Midtown South and NoMad markets.