Gopher Group LLC obtained financing of $6M from Metropolitan Commercial Bank

Gopher Group LLC as borrower signed a loan agreement with lender Metropolitan Commercial Bank valued at $5.8 million for 5 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 33 residential units at 16 Christopher Street, 14 Gay Street, 16 Gay Street, 18 Christopher Street, 20 Christopher Street in Soho. The deal closed on July 24, 2019 and was recorded on July 30, 2019.
The property contains a total of 14,305 square feet of built space. The property has 3,344 square feet of available development rights.
The average loan per unit is $176,542.

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