Feil Organization Secures $51.5 Million Refinance Loan From JPMorgan For 370 Seventh Avenue Office

The property asset involved in this transaction is an office located at 370 Seventh Avenue in the Penn Plaza market of Manhattan. The asset was refinanced with a loan amount of $51.5 million from JPMorgan Chase, which replaced a previous $50 million loan.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $51,500,000
• Lender: JPMorgan Chase
• Landlord: Jeffrey Feil - Feil Organization
• Loan Type: Refinance

The key individuals involved in the deal include Jeffrey Feil, representing the Feil Organization, which oversees the office building located at the specified address. The refinancing arrangement indicates a strategy to improve financial terms related to the existing loan structure.