20 plus year old Manhattan PR firm gets home of its own
Meir Kahtan Public Relations LLC has been serving a diverse group of businesses with multiple public relations tools for over twenty years from various locations in Manhattan.
Now, thanks to the innovative SBA 504 loan program, Meir Kahtan will have a home of its own on West 44th St. The company plans to purchase and renovate a 1,756 s/f commercial condominium for use as its main offices.
The project is being financed with a 50% loan from Commerce Bank and a loan for 40% of the project cost from Greater New York Development Co. under the SBA 504 loan program.
The GNYDC loan for 40% is based on total project costs, including acquisition, renovations and soft costs. The company is injecting 10% into the project. The 504 loan is for 20 years at a fixed rate based on 10 year treasury.
Meir Kahtan Public Relations LLC is named after its founder and principal who began his career specializing in public relations for the technology market.
He brought that expertise to this company which specializes in technology, finance and real estate.
The firm provides a myriad of services for its clients, ranging from securing positive media coverage to print and on-line public relations campaigns to planning and administration of conferences.
The company also provides specialty writing for clients for news releases, research papers etc. Meir Kahtan creates or supervises creation of all supportive material for its efforts.
The firm takes advantage of the principals' international background (he's originally from the U.K.) and maintains strong relationships with the media throughout U.S., Canada and the U.K.. Although based in Manhattan, the company serves an international clientele.
Clients are located throughout the U.S., U.K., Australia, Asia and Latin America. Being located in the financial capital of the world, Manhattan-has enabled the company to better serve major financial services clients.
The SBA 504 project will assure Meir Kahtan Public Relations a presence in NYC for years to come. Charles Schreiber, v.p. Lending GNYDC, said, "This is a full service PR firm which has established a real niche in this technology driven global market, serving clients around the world from its NY headquarters. GNYDC is proud to be part of enabling the company to firmly plant its roots in NYC."
For information about low cost, low downpayment financing to acquire business or nonprofit facilities see www.gnydc.org.
Roslyn Goldmacher is a licensed real estate broker in N.Y. as well as president / CEO and founder of The Long Island Development Corp. & The Greater N.Y. Development Co.
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