Jed Walentas Of Two Trees Management Refinances Flatiron District Office Building With Citibank Loan For $83M

The property asset involved is an office building located at 50 West 23rd Street in the Flatiron District of Manhattan. The asset encompasses a total area of 284,930 square feet and has undergone a refinancing transaction with a loan amount of $83,000,000 from Citibank.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $83,000,000
• Address: 50 West 23rd Street
• Market: Flatiron District, Manhattan
• Lender: Citibank
• Landlord: Jed Walentas - Two Trees Management
• Loan Type: Refinance

Two Trees Management, through 50 West 23rd Street LLC, is responsible for the refinancing process that facilitated this transaction. This deal highlights the involvement of Citibank’s Citi Real Estate Funding Inc. in providing the financial backing for the office asset.