Time Equities obtained financing of $6M from JPMorgan Chase Bank

Time Equities through 11 Carmine Hogo LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank, N.A. valued at $5.6 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 13 residential units at 11 Carmine Street in West Village. The deal closed on August 15, 2019 and was recorded on August 22, 2019.
The property contains a total of 10,016 square feet of built space.
The average loan per unit is $430,769.

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 was one renovation/alteration project (A2) applied for with a total estimated value of $20,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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