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PCCP Snaps Up $111M Senior Loan on 462 Broadway

PCCP Snaps Up $111M Senior Loan on 462 Broadway
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Finance – Capital Markets

Finance – Capital Markets
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UL Interview: New York City CRE Owner Leslie Himmel on Finding Brave Money in a Down Cycle

UL Interview: New York City CRE Owner Leslie Himmel on Finding Brave Money in a Down Cycle
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Nonperforming $111M Senior Loan on 462 Broadway Hits the Market

The $110.6 million nonperforming loan on Meringoff Properties' 462 Broadway is being marketed for sale.

United statesNew yorkAdam donegerDustin stollyChris kramerAareal bankMeringoff propertiesAdam spiesJordan roeschlaubGrand streetNew york business462 broadwayAdam donegerAdam spiesChris kramerDustin stolly

Demand for lab space in East Coast cities has mellowed since the exuberance of 2020 and 2021.

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