A.M. Property Refinances 75 Maiden Lane


New York Community Bank lent $46.5 million to Jeffrey Wasserman of A.M. Property Holding Corp. to refinance a 12-story office building at 75 Maiden Lane in Manhattan’s Financial District, according to records filed with the city.

75 Maiden Lane.
75 Maiden Lane.

The seven-year debt, which comes with a five-year extension option, replaces a $31 million CMBS deal that Column Financial provided in November 2005, according to an NYCB spokesperson. The preexisting loan was due to mature at the beginning of 2016, documents show.

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The new loan carries an interest rate in the mid-3 percent range, another person familiar with the deal told Mortgage Observer.

The Wasserman family purchased the building in December 1997, according to the sponsor’s website. Tenants at the 155,090-square-foot property include the healthcare staffing and homecare services firm Gotham Companies. The building is 97 percent occupied, property records show.

A previous tenant, the software company TradeCard, Inc., was acquired by GT Nexus in April 2013 and has relocated since the securitization of the Column Financial loan.

Rael Gervis, a senior managing director at Meridian Capital Group, negotiated the NYCB refinancing.

Mr. Wasserman of A.M. Property did not return requests for comment.