Axiom Capital has structured and arranged a $22,000,000 permanent loan for the refinance of a mixed-use multifamily property in Lower Manhattan in the Financial District, New York City, New York.
The property is an eight story building with commercial space on ground level and apartments on the upper floors. The unit mix is heavy on studio and one-bedroom units, but the property also offers two-, three- and four-bedroom units. The commercial space is a mix of food and service-related uses. The property is just one block from the Fulton Street Station, with access to New York Penn Station in 12 minutes. It is proximally located to employers, Pace University students and a short walk to parks (The Battery), shopping and fine dining.