Ralph Braha refi Tribeca office property with $25M from Signature Bank

Ralph Braha through the entity 267 Property Corp. as borrower signed a loan agreement with lender Signature Bank valued at $25 million for 1 parcel, including the tax class office building with commercial with one to six stories (O5) at 267 Broadway in Tribeca. The deal closed on January 20, 2021 and was recorded on January 27, 2021.
The property contains a total of 29,000 square feet of built space.
The average loan per buildable square foot is $862.

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.

There has been one new building permit application, pre-filed in 2016 and never permitted. Those plans include a total of 279 hotel units.

Direct link to Acris document. link