$27m commerce loan for NoHo building.Commerce recently provided a $27,750,000 loan to 625 Broadway, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control for the purchase of a mixed-use, 81,600 s/f building located at 625 Broadway, situated between Houston and Bleecker Streets in Noho. The 12-story property, which was purchased for $37,000,000, consists of 6,800 square feet of ground floor retail space, presently home to a Mexican Mexican named after or originating in Mexico. Mexican axolotl see ambystomamexicanum. Mexican beaded lizard (Heloderma horridum restaurant, as well as 74,800 square feet of office facilities. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Kevin Comer of Beck Street Capital, "This property is located in the middle of one of the strongest real estate submarkets in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , within 150 feet of the intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. of Broadway and Houston Streets, and is a perfect fit for our growing Manhattan portfolio. After an intensive round of bidding by some of the top lenders in the market, Commerce Bank best demonstrated an ability to close quickly, with attractive terms driven by their understanding of the property and its market." The LIBOR-based, fixed-rate funding package is comprised of a $21,500,000 loan with a ten-year maturity and a $6,250,000 loan with a three-year maturity. |
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