BY BRIAN PASCUS APRIL 8, 2024 11:52 AM

Jeffrey Gural’s GFP Real Estate has secured a $54 million loan to refinance 594 Broadway, a 12-story, 250,000 square-foot office building in the SoHo district of Manhattan, Commercial Observer has learned.

The 10-year, floating-rate loan was provided by Apple Bank and replaces a 10-year loan that was originally held by Capital One (COF) and Fortress Investment Group between 2013 and 2024. Newmark (NMRK)’s Paul Talbot arranged the financing on behalf of GFP Real Estate, while Cynthia Wang and Howard Hsu represented Apple Bank on the transaction.