Kushner Companies borrows $16M from Axos Bank for commercial condo in Nolita

Kushner Companies through the entity 285 Lafayette Retail Owner LLC as borrower signed a loan agreement with lender Axos Bank valued at $16.3 million for 1 parcel, including the tax class commercial condo recorded in Acris (CC) at 285 Lafayette Street in Nolita. The deal closed on March 31, 2021 and was recorded on April 7, 2021.
The property contains a total of 14,705 square feet of built space.
The average loan per buildable square foot is $1,108.
The financing included $9.5 million in new debt.
Direct link to Acris document. link