Laub Realty & Eastgold Holdings Refinance Mixed-Use Property In Upper West Side For $95M
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This Mixed-use property located in NY received a loan of $95,000,000 almost 3 years ago. The brokers of the deal were Phil Bowman, Brandon Harris, and Bryan Manz
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- Location261 Amsterdam Avenue, Manhattan, NYC, NY, USA
- Loan Value$95,000,000
- Asset TypeMixed-use
- Parties3 Brokers, 1 Agency, 1 Lender
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Deal Summary
LOAN
IMAGE: Phil Bowman & Brandon Harris
DATE: 04/27/2021
ADDRESS: 261-275 Amsterdam Ave.
MARKET: Upper West Side, NY
ASSET TYPE: Mixed-use
LANDLORD: Laub Realty & Eastgold Holdings
LENDER: Morgan Stanley
BROKERS: Bryan Manz, Brandon Harris, & Phil Bowman - @BlackBearCapitalPartners
LOAN AMOUNT: 95,000,000
LOAN TYPE: Refinance
LOAN TERMS: The $95 million loan featured a fixed rate of 3.55% and ten years of full-term, interest-only payments.
NOTE FROM @BlackBearCapitalPartners: Constructed in 1905, the Beaux Arts-style, 134-unit property spans 12 stories between 72nd and 73rd streets. The building also comprises roughly 20,837 square feet of at-grade retail space with national tenants that include Chipotle and Capital One. BBCP has closed numerous financings during the past few months for clients nationwide, including in New York, New Jersey, Pennsylvania, Connecticut, Texas, California, Florida, Ohio, Illinois, Arizona, Nevada, South Carolina, Minnesota, Georgia and Nebraska, and is planning new senior-level hires soon, as part of a strategic initiative to service new demands for capital resulting from pandemic-induced real estate dislocations.
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261-275 Amsterdam Avenue
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