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Williams Equities has secured a $65 million refinance for its mixed-use condo building in the Turtle Bay neighborhood of Midtown Manhattan.

New mask guidelines trigger immediate changes and give hope to commercial landlords that their tenants will be able to pay full rent again.

Share via Shortlink Only two loans worth more than $100 million — for the acquisitions of 265-275 Cherry Street and 15 Park Row in Lower Manhattan — were recorded in February. (WikiMedia, Asland) The 10 largest Manhattan loans recorded in February totaled $700 million, a 63 percent decline from January’s total. Seasonality may have been a factor in the drop in activity, as February was also a slow month for real estate lending in 2019 and 2020. This February wasn’t the slowest month since the start of the pandemic, however — that was August, when the top 10 Manhattan real es...

Urban Standard Capital has provided a $20 million refinance loan to  Meyer Equities, the longtime owner of  265 West 37th Street,  to facilitate a partner buyout and pay for tenant improvements and leasing costs at the 23-story Midtown building.  The loan will allow Meyer Equities to buy out their long-term partner and take advantage of favorable tax benefits ending in 2020 on the 263,349 s/f building on Eighth Avenue in the Garment District. Meyer Equities has owned the building for over 30 years and plans to use the funds to re-stabilize the asset with new tenants and ex...