Wells Fargo And New York State Housing Finance Agency Provide $190M Loan For Mixed-Use Property On 550 West 54th Street In Clinton

The mixed-use property located at 550 West 54th Street in the Clinton market has been involved in a closed transaction. The property, known as Mercedes House, is owned by Two Trees Management Company. It comprises a total of 480 units and is situated in a prime location. The transaction involved a loan amount of $190,000,000, with financing provided by Wells Fargo and the New York State Housing Finance Agency.

Summary of transation details

• Property Type: Mixed-Use
• Transaction Amount: $190,000,000
• Address: 550 West 54th Street
• Market: Clinton
• Landlord: Two Trees Management Company
• Lender: Wells Fargo and New York State Housing Finance Agency
• Units: 480

The deal's key individuals and companies involved in this transaction include Two Trees Management Company as the landlord, and the lenders, Wells Fargo and the New York State Housing Finance Agency. This transaction highlights the popularity and desirability of the Mercedes House property in the real estate market.