Axos Bank Provides $16M Refi for Kushner Companies’ SoHo Retail and Office Condo
COMMERCIAL OBSERVER · Andrew Coen — 2021-04-01
Kushner Companies has nabbed a $16 million loan for the refinance of Manhattan mixed-use development, Commercial Observer has learned.
Axos Bank provided the financing for the property, at 285 Lafayette Street, which it acquired for $39 million from Ashkenazy Acquisition Corp. in 2019.
**Iron Hound Management Company** arranged the transaction, with **Robert Verrone** and **Anthony D’Amelio** taking the lead.
Located in Manhattan’s SoHo neighborhood, the 15,300 rentable square foot, retail and office condominium has a tenant roster that includes Santa Maria Novella, Soho Ink and GospelNYC. Online sneaker marketplace HypeClub also signed a new lease for 2,900 square feet at 285 Lafayette Street just this month.
Kushner also owns the Puck building across the street from 285 Lafayette at 293 Lafayette Street.
Officials for Kushner Companies did not immediately respond to a request for comment. Axos Bank declined to comment.