Tribeca

381 – 383 Broadway

Location: Tribeca – New York, NY

Loan Amount: $16.7M

Loan Type: Refinance

Property Type: Mixed-Use

Challenge iBorrow Solved:

iBorrow provided refinancing for a mixed use (retail and office) building in the Tribeca area of New York. The borrower needed a quick close, as at the time, the building had limited upfront leasing in a softer market. As NYC and the renter market continue to rebound from the pandemic, the borrower was able to refinance at a rate that will set them up for success moving forward.