InterVest Capital Secured $85 Million for SoHo Office
The property at 300 Lafayette Street in Manhattan has received significant new financing.
Updated on Sept. 23, 2026 in Commercial
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InterVest Capital Partners has secured an $85 million loan for its property located at 300 Lafayette Street in the SoHo neighborhood of Manhattan. Hudson Bay Capital provided the financing for the seven-story building, which was completed in 2019.
Why it matters
Securing substantial financing for a high-profile commercial asset underscores continued lender interest in modern, well-tenanted office spaces within Manhattan's competitive commercial real estate market.
The building features 63,000 square feet of office space occupied by Microsoft and 19,028 square feet of ground-floor retail. Current retail tenants at the location include Neko Health, New Era, and Goldwin.
The players
InterVest Capital Partners
An investment firm that manages assets and development projects within the real estate sector.
Hudson Bay Capital
A multi-strategy investment firm that provides diverse financial services including corporate lending.
Microsoft
A global technology company that develops software, consumer electronics, and computing services.
Newmark
A commercial real estate advisory firm that provides services such as debt and equity financing.
The details
Newmark successfully negotiated the debt financing on behalf of the borrower to support the ongoing operations of the property. The building, constructed in 2019, maintains a significant corporate presence alongside its retail footprint.
Timeline
Construction of the building was completed in 2019.
Microsoft signed a long-term lease for office space in March 2019.
Culture Shift
This deal reflects a broader trend of capital allocation toward modern, mixed-use assets that command high demand in urban centers. It signals a shift where institutional investors favor prime office spaces with anchor tech tenants to mitigate risks in the commercial property sector.
The presence of high-profile retail tenants and long-term corporate office leases contributes to the sustained commercial vitality of the SoHo neighborhood. These investments ensure that the property remains a functional hub for both local shoppers and commuters working at the site.
The takeaway
This transaction highlights the resilience of prime real estate assets that successfully blend commercial and retail revenue streams. Investors and property owners should note how secure long-term leases are essential for accessing major refinancing capital.
Further reading
For more on the local property market, visit our Commercial section.
Source note: This article includes information reported by Commercial Observer.
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