Sackman borrows $9.3M from New York Community for commercial condos in West Village

Sackman Enterprises through the entity Royal Realty, LLC as borrower signed a loan agreement with lender New York Community Bank valued at $9.3 million for 3 parcels, including the tax class commercial condominium unit (R5) at 222 West 14th Street in the West Village. The deal closed on July 9, 2020 and was recorded on July 21, 2020.

The financing included a $5.25 million gap loan.

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