The Traderszone Network

Published in TZ Latest News 31 August, 2016 by The TZ Newswire Staff

Isaac Chetrit, Aini secure $160M refi for 1412 Broadway

Isaac Chetrit and Charles Aini scored a $160 million refinancing from Wells Fargo Bank for their 24-story Garment District office building at 1412 Broadway, sources told The Real Deal. The deal for the five-year loan, which carries a 2.85 percent interest rate, closed Wednesday, a spokesperson for Meridian Capital Group confirmed. The refinancing is timed with the owners’ renovation plans for the 415,000-square-foot property and the three-story retail building next door at 1420 Broadway.

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