Bill Wolf Petroleum Refinances Yorkville Industrial Building At 1855 1st Avenue For $8.5M

An industrial building located at 1855 1st Avenue in Yorkville, Manhattan, has undergone a refinancing transaction. The loan amount for this asset was $8,500,000 and was facilitated by TD Bank, replacing a prior debt of $11,000,000.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $8,500,000
• Lender: TD Bank
• Landlord: Bill Wolf - Petroleum
• Previous Debt: $11,000,000
• Loan Type: Refinance

Bill Wolf Petroleum Corp. is responsible for the ownership of the industrial building at 1855 1st Avenue and engaged in this refinancing to improve financial terms. The deal specifically indicates a shift from previous financing arrangements to achieve a more favorable loan structure.