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New York

Pinky Realty secures $58M to refi three NoMad buildings

Natixis is the lender for the mixed-use buildings on Broadway

1204-1216 Broadway in NoMad (credit: Google Maps)
1204-1216 Broadway in NoMad (credit: Google Maps)

Pinky Realty’s Raizada Vaid locked down $58 million to refinance three adjacent mixed-used buildings in NoMad.

Natixis Real Estate Group provided the financing, which consolidates previous loans from Sovereign Bank and RCG Longview, according to property records filed with the city Thursday.

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The properties include 1204-1210 Broadway, 1212 Broadway and 1214-1216 Broadway. The three buildings have a mix of office and retail space. Last year, Vaid put the retail portions of the buildings — along with a fourth property he owns at 28 West 30th Street — on the leasing market. The four buildings have a combined 30,000 square feet of retail space.

Vaid, a Koreatown-based jeweler, also owns a property at 876 Sixth Avenue, at the corner of 31st Street. In 2015, he filed plans with the city to build a 37-room hotel spanning 17,700 square feet, but it doesn’t appear work has begun.

Representatives for Vaid and Natixis could not immediately be reached for comment.

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