535 Broadway 1 535 Broadway 2 535 Broadway 3
Situation/Challenges
  • Class B mixed-use building
  • 100% occupied at closing
  • Property consists of a ground-floor and sub-cellar retail space occupied by one retail tenant and four stories of residential space
  • Loan structure does not include a TI/LC facility for a future replacement tenant
Solutions/Highlights
  • Property is located within a major Manhattan retail hub
  • Sponsor has been actively involved in the Manhattan real estate market for the past 18 years
  • Non-recourse
  • 2-year term with three 1-year extensions