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Posted: May 3, 2016
Harrington of HKS Capital Partners originates $25 million loan to refinance 466 Broome St.
John Harrington, HKS Capital PartnersManhattan, NY HKS Capital Partners has originated a $25 million loan to refinance 466 Broome St., a commercial office/retail building in SoHo.
The seven-year non-recourse loan from Bank United features a fixed-rate loan at 3.75%.
“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, who negotiated the deal.
“SoHo is the location of choice for creative industries and maintains the cachet as a world class shopping destination,” said 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.
466 Broome Street - Manhattan, NY
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