Structured and arranged long-term, fixed-rate senior debt to recapitalize a single-tenant, 7,000-square-foot retail co-op in Manhattan’s Soho neighborhood.
Challenges
Co-op financing is especially difficult given the ownership structure of real estate and the limited number of lenders for these types of transactions.
Solutions
Identified a new entrant to the New York market looking to establish a name for itself. The lender was able to get comfortable with the location and with the financials of both the co-op and the borrower.
sschumer@Eyzenberg.com
D: (305) 995-0777 ext .306
C: (305) 360-9625
afriedman@eyzenberg.com
D:(212) 519-1140 ext. 101
C: (203) 858-3960
