Traded: New York🗽

LOAN
IMAGE: Ali Tabrizi, Benjamin Esshaghian, Morgan Ben-Moshe, David Khaloyan, David Oheb & Dorian Aftalion
DATE: 5/7/2025
ADDRESS: 37 Orchard Street
MARKET: Lower East Side
ASSET TYPE: Mixed-use ~ SF: 9,260 ~ UNITS: 16 Residential, over 1,900 SF of Retail

LENDER: Hanover Capital
LANDLORD: Ali Tabrizi (@AliTabrizi), David Khaloyan (@Khal_Oyan) & Benjamin Esshaghian (@BenjiEsshaghian) - EKT Equities (@EKTEquities)
BROKERS: Morgan Ben-Moshe (@Morgan_BenMoshe), David Oheb (@TeamOheb) & Dorian Aftalion (@DorianxRE) - Meridian Capital Group (@Meridian.Capital.Group)

LOAN AMOUNT: $4,550,000
LOAN TYPE: Acquisition

SALE PRICE: $6,250,000

NOTE FROM BROKER: Morgan Ben Moshe and David Oheb of Meridian Capital Group successfully closed the financing for this acquisition in less than 30 business days.

While the borrowers were still in contract, Meridian Retail Leasing’s Jacob Mayer and James Famularo secured a lease with Brut Clothing for the ground-floor retail space, which was delivered vacant by the seller. The lease added meaningful value to the transaction and enabled Ben Moshe and Oheb to negotiate more favorable acquisition loan terms.

This transaction highlights Meridian’s ability to create value for its clients by leveraging the firm’s integrated debt placement and retail leasing platforms in the New York City market.

To learn how Meridian can add value to your portfolio, please contact:

Morgan Ben-Moshe
323-703-3626
[email protected]

David Oheb
212-612-0193
[email protected]

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