Financing Landed for Retail Portfolio
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Reads Ventures’ retail portfolio, including this building at 203 W. 90th St., provides 28,000 square feet of on-grade space.
NEW YORK CITY—Reads Ventures has acquired $37 million in permanent financing for a portfolio of five retail condominium properties around Manhattan.
The seven-year financing package was provided by a regional balance sheet lender and features a rate of 3.50%. The transaction was negotiated by Meridian Capital Group VP Joseph Taub.
The properties, which total 28,000 square feet of on-grade retail space, are primarily located on the Upper West Side at 311 Amsterdam Ave., 203 W. 90th St., 2681 Broadway and 215 West 90th St. with one property located on the Upper East Side at 1828 Second Ave…
