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Square Mile Capital Provides $55M Refinance Loan To Multifamily Property At 517 West 29th Street, West Chelsea Arts District

517 West 29th Street
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This MultiFamily property located in NY received a loan of $55,000,000 about 2 years ago. The brokers of the deal were Peter (Pete) Rotchford and Christopher (Chris) Peck

The property involved in this closed transaction is a multifamily asset located at 517 West 29th Street in the West Chelsea Arts District. The property spans an impressive 70,280 square feet.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $55,000,000
  • Address: 517 West 29th Street
  • Market: West Chelsea Arts District

Churchill Real Estate, represented by Justin Ehrlich and Sorabh Maheshwari, acted as the landlord in this transaction. The property was refinanced through a loan provided by Square Mile Capital. Christopher Peck and Peter Rotchford, from JLL, served as the brokers involved in the deal.

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Deals
  • Location
    517 West 29th Street, New York City, New York 10001, United States517 West 29th Street, New York City, New York 10001, United States
  • Loan Value
    $55,000,000$55,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Peter (Pete) Rotchford

Peter (Pete) Rotchford

Deals26
Financed$2.4B

Christopher (Chris) Peck

Christopher (Chris) Peck

Deals36
Financed$5.7B

Agency

JLL

JLL

Agency
Deals5579
Volume$332.6B

Square Mile Capital

Square Mile Capital

Lender
Deals47
Volume$ 465.2B

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Deal Summary

LOAN IMAGE: Peter Rotchford, Sorabh Maheshwari, Justin Ehrlich & Christopher Peck DATE: 12/31/2021 ADDRESS: 517 West 29th Street MARKET: West Chelsea Arts District ASSET TYPE: Multifamily ~ SF: 70,280 LENDER: Square Mile Capital LANDLORD: Churchill Real Estate - Justin Ehrlich & Sorabh Maheshwari BROKERS: Christopher Peck & Peter Rotchford - JLL (@JLL) LOAN AMOUNT: $55,000,000 LOAN TYPE: Refinance

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517 West 29th Street

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