425-427 MadisonAvenue.
NEW YORK CITY- ABS AltmanWarwick, a New York City-based capital market advisory firm anddivision of ABS Partners Real Estate, has closed a $13.5 millionloan for an office building located at 425-427 Madison Ave. in thePlaza District.
The loan structure offered an A note 10-year interest only loanof $11 million and a B note $2.5 million 10-year revolving line ofcredit for any and all future capital expenditures that the ownerdeems necessary. Brian Warwick of ABS structured and placed theloans with Apple Bank at a rate of 3.35 percent on behalf of ownersSilk & Halpern.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
