GFP Real Estate has successfully secured a $24 million fixed-rate permanent loan for the refinancing of 5-9 Union Square West, an eight-story office building spanning 120,000 square feet in the bustling neighborhood of Union Square. The financing was obtained from Amalgamated Bank and marks another milestone for GFP Real Estate as they continue to expand their portfolio.
The historic building, originally known as the Spingler Building and completed in 1897, boasts loft-style office spaces with charming wood floors, high ceilings that allow ample natural light to flood through large windows offering stunning park views.
Newmark’s Paul Talbot played a pivotal role in arranging this deal. His expertise and experience were instrumental in securing favorable terms for GFP Real Estate’s refinancing efforts on this iconic property. This latest achievement further solidifies GFP Real Estate’s reputation as a leading player in the commercial real estate market.
