The owners of 388 Broadway have borrowed $12 million to refinance existing debt on the mixed-use property in Manhattan’s Tribeca neighborhood.
“Avant worked diligently with us to close quickly, which allowed the borrower to pay off the previous lender prior to maturity,” said Charles Han, associate director at Eastern Consolidated, regarding the first mortgage provided by Avant Capital Partners.
The property contains seven loft apartments, in addition to a ground-floor retail space and a second-floor office tenant. The loan proceeds provided funds to complete renovations, and funded reserves and closing costs.
Connect CRE reaches the top players in the industry across all property types, as well as every discipline that contributes to the dynamic world of CRE.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
ConnectCRE.com
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Content Marketing
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.
