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Arch Companies And Tahari Capital Secure $70.5M Bridge Loan For Greenwich Village Office Property

88 University Place
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This Commercial property located in NY received a loan of $70,500,000 almost 2 years ago. The brokers of the deal were Jonathan Aghravi and Eli Terry

A bridge loan in the amount of $70,500,000 has been secured for the property located at 88 University Place in Greenwich Village, Manhattan. The asset is an office space encompassing 94,000 square feet.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $70,500,000
  • Address: 88 University Place
  • Market: Greenwich Village, Manhattan
  • Landlord: Arch Companies - Jeff Simpson & Jared Chassen & Tahari Capital - Jeremey Tahari
  • Lender: CIM
  • Brokers: Jonathan Aghravi & Eli Terry - JBA Equities
  • Date: 05/23/2022

The lenders for this transaction are CIM, while the landlord is a collaboration between Arch Companies represented by Jeff Simpson and Jared Chassen, and Tahari Capital represented by Jeremey Tahari. The brokers involved in the deal are Jonathan Aghravi and Eli Terry from JBA Equities.

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Deals
  • Location
    88 University Place, New York City, New York 10003, United States88 University Place, New York City, New York 10003, United States
  • Loan Value
    $70,500,000$70,500,000
  • Asset Type
    CommercialCommercial
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Eli Terry

Eli Terry

Deals18
Financed$375.2M

Agency

JBA Equities

JBA Equities

Agency
Deals82
Volume$2.3B

CIM Group

CIM Group

Lender
Deals19
Volume$ 121B

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Deal Summary

LOAN IMAGE: Jonathan Aghravi, Eli Terry, Jeff Simpson, Jared Chassen & Jeremey Tahari DATE: 05/23/2022 ADDRESS: 88 University Place MARKET: Greenwich Village, Manhattan ASSET TYPE: Office ~ SF: 94,000 LENDER: CIM LANDLORD: Arch Companies - Jeff Simpson (@Jeff_S_Simpson) & Jared Chassen (@JChassen1) & Tahari Capital - Jeremey Tahari (@Jeremey) BROKERS: Jonathan Aghravi (@JonnyAghravi) & Eli Terry (@Mc_Eyt) - JBA Equities (@JBAEquitiesLLC) LOAN AMOUNT: $70,500,000 LOAN TYPE: Bridge

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