Ashkenazy Acquisition Corporation, a private real estate investment firm, today announced a year-end refinancing of $20.6 million for the Chatham Retail Condo on Manhattan’s Upper East Side. The Chatham Retail Condo, a 25,673-square-foot Manhattan retail condo located on Third Avenue, received a 10-year, fixed-rate loan from the Bank of Montreal. T
The loan was a refinancing of a maturing CMBS loan on the property and was brokered by Meridian Capital Group. This transaction was negotiated by Meridian senior managing director Ronnie Levine and SVP Ben Jacobs. The property is 100% leased and anchored by 1Life (One Med) and TD Bank.
“We’re thrilled to work with the Bank of Montreal and Meridian Capital Group to refinance this property,” said Yehuda Sheinfeld, CFO of Ashkenazy Acquisition Corporation. “Our team is committed to investing in The Chatham for the long-term to support continued economic growth for years to come.”