Ashkenazy Acquisition Corp. (AAC) announced a year-end refinancing of $20.6M for the Chatham Retail Condo in New York City.
The Chatham Retail Condo, a 25,673-square-foot Manhattan retail condo located on Third Avenue, received a 10-year, fixed-rate loan from the Bank of Montreal. The loan was a refinancing of a maturing CMBS loan on the property and was brokered by Meridian Capital Group. This transaction was negotiated by Meridian Senior Managing Director Ronnie Levine, and Senior Vice President Ben Jacobs. The property is 100% leased and anchored by 1Life (One Med) and TD Bank.
“We’re thrilled to work with the Bank of Montreal and Meridian Capital Group to refinance this property,” said Yehuda Sheinfeld, chief financial officer of Ashkenazy Acquisition Corp. “Our team is committed to investing in The Chatham for the long-term to support continued economic growth for years to come.”
Ashkenazy Acquisition Corporation is a New York-based private real estate investment firm focusing on retail, hotel and office assets located throughout the United States and Canada. Ashkenazy Acquisition has a superior performance history in purchasing and managing premier assets.
