Pan Am Equities obtained financing of $13M from People’s United Bank

Pan Am Equities through the entity 10 East 13th Street LLC as borrower signed a loan agreement with lender People’s United Bank, National Association valued at $13.0 million for 1 parcel, including the tax class multifamily, converted (D5) and containing 54 residential units at 6 East 13 Street in West Village. The deal closed on July 31, 2019 and was recorded on August 05, 2019.
The property contains a total of 49,408 square feet of built space.
The average loan per unit is $240,741.
The last time the property sold was August 01, 2006, for $23,750,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. There was one renovation/alteration project (A2) applied for with a total estimated value of $30,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link