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KPG Funds Refinances Soho Office Building For $64M Loan

446 Broadway
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This Office property located in NY received a loan of $64,000,000 about 2 years ago. The brokers of the deal were Daniel Fromm, Dustin Stolly, and Jordan (Jordy) Roeschlaub

The property involved in this transaction is an office space located at 446 Broadway in the Soho market. The property spans approximately 60,000 square feet.

Summary of transaction details

The key individuals involved in this transaction include Jordan Roeschlaub, Dustin Stolly, Rod Kritsberg, Daniel Fromm, Gregory Kraut, and Nick Scribani. They represented the parties in this deal, with Dustin Stolly, Jordan Roeschlaub, Daniel Fromm, and Nick Scribani acting as brokers from Newmark. The loan for this transaction was provided by Ladder Capital and Heitman, while KPG Funds served as the landlord.

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Deals
  • Location
    446 Broadway, New York City, New York 10013, United States446 Broadway, New York City, New York 10013, United States
  • Loan Value
    $64,000,000$64,000,000
  • Asset Type
    OfficeOffice
  • Parties
    3 Brokers, 1 Agency, 2 Lenders3 Brokers, 1 Agency, 2 Lenders

Agents

Dustin Stolly

Dustin Stolly

Deals218
Financed$37.6B

Daniel Fromm

Daniel Fromm

Deals60
Financed$4.2B

Jordan (Jordy) Roeschlaub

Jordan (Jordy) Roeschlaub

Deals195
Financed$34.6B

Agency

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

Ladder Capital

Ladder Capital

Lender
Deals32
Volume$ 704.4B

Heitman Capital Management

Heitman Capital Management

Lender
Deals5
Volume$ 90.4B

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Deal Summary

LOAN IMAGE: Jordan Roeschlaub, Dustin Stolly, Rod Kritsberg, Daniel Fromm, Gregory Kraut & Nick Scribani DATE: 03/07/2022 ADDRESS: 446 Broadway MARKET: Soho ASSET TYPE: Office ~ SF: 60,000 LENDER: Ladder Capital & Heitman LANDLORD: KPG Funds BROKERS: Dustin Stolly, Jordan Roeschlaub (@JordyRoeschlaub), Daniel Fromm (@Ddwb) & Nick Scribani - Newmark LOAN AMOUNT: $64,000,000 LOAN TYPE: Refinance

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446 Broadway

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