Maxim Capital Group provided the loan for the 204,034-square-foot Midtown Manhattan office tower.
Commercial Observer · Andrew Coen — 2026-10-30
Iron Hound Management Company negotiated a $55 million recapitalization of 1384 Broadway for Juda Chetrit’s Chetrit Organization, with Maxim Capital Group providing the new loan. The 204,034-square-foot office tower sits at Broadway and West 38th Street in Midtown Manhattan and is roughly 80% occupied.
The financing follows the completion of a discounted payoff on the property’s prior $88 million CMBS loan, which moved to special servicing in December 2025 while remaining current. Proceeds will fund a lobby renovation, upgraded amenities and lease-up of the building.
