Debt & Equity

Owners cash in on Soho office building with $25M refi’

HKS Capital Partners has originated a $25 million loan to refinance 466 Broome Street, a commercial office/retail building in SoHo.

The seven year fixed loan from Bank United features a fixed rate loan at 3.75%, non-recourse.

“The 25,250 s/f building is located in the heart of one of Manhattan’s premier submarkets,” said John Harrington, co-founding partner of HKS Capital Partners who negotiated the deal.

“SoHo is the location of choice for creative industries and maintains the cachet as a world class shopping destination.”

Harrington, who explained the building owners, who have owned the building since 2007, plan to use the money to purchase more properties in the area.

Related posts

Newmark inks $30M refinance for 5-9 Union Square West


$10M for New Jersey’s ‘Wealth Belt’

REW Staff

Savanna takes out $315M mortgage on One Court Square


Leave a Comment