Alan Leavitt & Ethan Leavitt Of Lane Capital Partners Acquire Note From Shanghai Commercial Bank For $20.9M
The transaction involves a note/loan secured by an office building located at 250 Lafayette Street in SoHo, Manhattan. The sale price for the note was $20,900,000, and the asset is currently in pre-foreclosure and bankruptcy.
Summary of transaction details:
- Property Type: Note/Loan
- Transaction Amount: $20,900,000
- Buyer: Alan Leavitt & Ethan Leavitt
- Buyer’s Firm: Lane Capital Partners
- Seller: Shanghai Commercial Bank
Alan Leavitt and Ethan Leavitt, representing Lane Capital Partners, facilitated the purchase of the note from Shanghai Commercial Bank, which indicates a strategic acquisition amid the property’s current financial situation.
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