Description

ERG Commercial Real Estate is proud to announce the refinance of 65 & 67 Greene Street, New York, NY.

The two adjacent mixed use properties are located on one of SoHo premier retail corridors. The buildings, totaling 21,321 sf, were fully occupied at the time of closing with strong tenancy. We were able to secure a 5 year fixed mortgage with 2 years of interest only. The primary focus of the loan was proceeds amount. We were able to structure a first position mortgage as well as a 2nd position line of credit to meet the proceeds goal of the borrower.