SoHo Office Building Secured $85 Million Loan

The 300 Lafayette Street property refinance maintains occupancy with tenants including Microsoft.

Updated on Sept. 23, 2026 in Commercial

SoHo Office Building Secured $85 Million Loan

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InterVest Capital Partners has secured an $85 million loan for the SoHo office building located at 300 Lafayette Street. The building, completed in 2019, continues to support a mix of major office and retail operations.

Why it matters

The financing for this seven-story SoHo property highlights the continued capital movement within Manhattan commercial real estate. Stable occupancy from high-profile tenants is a key factor in maintaining asset value in the current market.

The $85 million refinancing covers a seven-story building that features 63,000 square feet of office space for Microsoft and 19,028 square feet of retail frontage. The ultimate impact of these commercial debt terms on future property operating costs remains unknown.

The players

InterVest Capital Partners

An investment firm that secures financing and manages large-scale commercial real estate assets.

Microsoft

A global technology company that occupies 63,000 square feet of office space at the SoHo site.

Hudson Bay Capital

A financial firm that provides debt financing and credit facilities for real estate development and operations.

Newmark

A commercial real estate advisory firm that provides debt and equity negotiation services for property owners.

The details

Newmark negotiated the debt financing, which was provided by Hudson Bay Capital to support the 300 Lafayette Street property. The building is anchored by a significant Microsoft office footprint, complemented by retail tenants including Neko Health, New Era, and Goldwin. This structure supports local economic activity in SoHo by maintaining a modern, multi-use commercial asset.

Construction of the 300 Lafayette Street building was completed in 2019.
Microsoft signed a long-term lease for its office space in March 2019.

Money Landscape

This $85 million deal reflects the ongoing cycle of debt restructuring for high-profile Manhattan commercial buildings. It demonstrates a pattern of active capital management for properties developed or significantly renovated around the 2019 period.

For residents and business owners in SoHo, this financing signals stable, continued operation for a major commercial anchor. You should monitor local area commercial lease trends if you are a nearby small business owner negotiating your own commercial space costs.

The takeaway

Commercial real estate financing shifts can influence the long-term stability of major neighborhood business hubs. If you are a commercial tenant, discuss your current lease terms and renewal projections with a qualified financial or tax professional.