Ladder Capital Provides $53M Loan For Office Building In Chelsea

In Chelsea, a commercial office building located at 251 West 30th Street has been involved in a recent closed transaction. The property, spanning 113,629 square feet, was subject to a loan provided by Ladder Capital in the amount of $53,000,000. The landlord of the building is HSP Real Estate Group, represented by Michael Reid and Gerard Nocera.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $53,000,000
• Address: 251 West 30th Street
• Market: Chelsea
• Lender: Ladder Capital
• Landlord: HSP Real Estate Group (Michael Reid & Gerard Nocera)

In facilitating this transaction, JLL played a role as the broker, with Christopher Peck, Peter Rotchford, and Kristen Knapp representing the parties involved.