Metro Loft borrows $20M from Valley National for 30-unit rental in FiDI

Nathan Berman’s Metro Loft Management through the entity 135 William Street Associates, LLC as borrower signed a loan agreement with lender Valley National Bank valued at $20 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 30 residential units at 135 William Street in Financial District. The deal closed on March 31, 2021 and was recorded on April 12, 2021.
The property contains a total of 76,988 square feet of built space.
The average loan per unit is $666,667.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.

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