Twenty+ Year Old Manhattan PR Firm Gets Home Of Its Own
Meir Kahtan Public Relations LLC has been serving a diverse group of businesses with multiple public relations tools for over twenty years from various locations in Manhattan. Now, thanks to the innovative SBA 504 loan program, Meir Kahtan will have a home of its own on West 44th St. The company plans to purchase and renovate a 1756 square foot commercial condominium for use as its main offices. The project is being financed with a 50% loan from Commerce Bank and a loan for 40% of the project cost from Greater New York Development Co. under the SBA 504 loan program. The GNYDC loan for 40% is based on total project costs, including acquisition, renovations and soft costs. The company is injecting 10% into the project. The 504 loan is for 20 years at a fixed rate based on 10 year treasury.