Rettner Realty Secures $5M Refinance Loan For Chelsea Office Building

Rettner Realty, operating through 118 West 27 LLC, secured a refinancing loan valued at $5 million from Webster Bank for a six-unit office building located at 118 West 27th Street in Chelsea, Manhattan. The property is an office asset with a total square footage of 43,393. The loan was granted to refinance the existing debt on the property.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $5,000,000
• Address: 118 West 27th Street
• Market: Chelsea, Manhattan
• Lender: Webster Bank - Michael Vitale
• Landlord: Rettner Realty - Ronald Rettner

Michael Vitale from Webster Bank served as the lender for the refinancing loan. Rettner Realty, represented by Ronald Rettner, acted as the landlord in the transaction. This refinancing deal allows Rettner Realty to continue owning and operating the office building in Chelsea.