Mortgage Beat

EPIC’s Elghanayan Refinances the Olympia House with $71 million

Hybrid Capital has closed a $71 million loan to refinance the Olympia House,a 240-unit, mixed-use property located at

olimpia house10 EPIC’s Elghanayan Refinances the Olympia House with $71 million

279 East 44th Street.

at 279 East 44th Street, at Second Avenue, in Turtle Bay. The commercial mortgage brokerage and advisory firm acted as an exclusive advisor to Steven Elghanayan, director of EPIC.

In 2007, Axa Equitable Life Insurance provided a $65 million loan on the property, according to public records. The new loan carries a seven-year, interest-only term. The name of the lender was not disclosed.

Built in 1964, the 21-story building offers residents and tenants a 24-hour doorman, laundry facilities, a 160-space underground car park and a recently upgraded lobby, mailroom, façade and doors.

The property has 10,000 square feet of retail space with 10 commercial units looking over Second Avenue.

apirolo@observer.com

Follow Alessia Pirolo via RSS.

Comments

  1. exam says:

    Its such as you learn my thoughts! You appear to grasp a lot approximately this, like you wrote the ebook in it or something. I think that you just could do with a few percent to pressure the message home a little bit, but instead of that, that is fantastic blog. A great read. I’ll definitely be back.

  2. Ai Luebke says:

    Not to hijack this thread, but I’m interested in seeing if I can have a short sale and I don’t know how to find a local, highly regarded realtor… have you ever heard of this realtor? They’re located in Fair Oaks, CA in the same city as my son’s school and I can’t find reviews on them – Becky Lund & Associates, 8814 Madison Ave Fair Oaks, CA 95628 (916) 531-7124.