Aghravi and Han of Eastern Consolidated refinance two loans - $33 million

Jonathan Aghravi, Eastern Consolidated

Manhattan, NY Eastern Consolidated’s capital advisory division has arranged refinancing loans for six properties in two separate transactions totaling nearly $33 million.

Eastern Consolidated’s Jonathan Aghravi, managing director, and Charles Han, associate director, handled the loan placements with Amalgamated Bank.

“We were very pleased to work with Amalgamated Bank and negotiate such attractive terms for our clients,” Aghravi said. “The loan officers went out of their way to offer creative solutions in both of these deals.”

The properties included:

 Five mixed-use buildings with 44 residential units and eight commercial units at 420, 422, 424, 426, and 428 Amsterdam, which were refinanced with a $20 million, seven-year loan at 3.25% with partial interest only. 

 A 28-unit newly renovated multifamily property at 44-46 East End Ave., which was refinanced with a $12.45 million, seven-year-loan at 3.25% with partial interest only.

Powered by a skilled team of 80 brokers with a fluency in 15 languages, Eastern Consolidated is one of the country’s preeminent full-service commercial real estate firms. Through three core divisions—Investment Sales, Capital Advisory, and Retail Leasing—Eastern Consolidated serves an impressive roster of international and domestic institutional and private investors on real estate transactions of all sizes and across all property types.