Related Companies Refinances Multifamily Property In Chelsea With $42.7M Loan From Wells Fargo

Located at 529 West 29th Street in the bustling Chelsea market, this multifamily property spans a total of 91,483 square feet with 139 units. The property was recently involved in a refinancing transaction.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $42,700,000
• Loan Type: Refinance
• Lender: Wells Fargo
• Landlord: Related Companies

Representing the lending side of the deal, Wells Fargo provided the loan amount of $42,700,000 to facilitate the refinance. On the other hand, Related Companies acted as the landlord for this property.