X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PURCHASE, NY-Two properties in Manhattan have received a total of $2.3 million in first-mortgage financing. The funding was arranged by Legg Mason Real Estate Services’ Purchase and New York City regional offices.

The firm arranged a $1.2-million first mortgage for the ownership of 9 St. Mark’s Pl., a mixed-used commercial property comprised of retail and residential uses and totaling 12,840 sf. Financing for the borrower, 9 St. Mark’s Pl. MC, was arranged by Legg Mason through JP Morgan and involved floating rates on a three-year term.

Legg Mason also arranged a $1.1-million deal for the ownership of 12 St. Mark’s Place, a mixed-used commercial property consisting of restaurants and office uses totaling 14,000 sf of space. The deal was brokered through JP Morgan on a floating basis on a three-year term for the owner.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. Apartments 2020Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.