Wells Fargo Provides $15M Loan For Office Building In Garment District

A 54,935 square foot office located at 341 West 38th Street in the Garment District has recently been involved in a loan transaction. The loan, which was dated on March 29, 2022, amounted to $15,000,000. The lender for this transaction was Wells Fargo, while the landlord was Elk Investments.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $15,000,000
• Address: 341 West 38th Street
• Market: Garment District
• Loan Date: March 29, 2022
• Lender: Wells Fargo
• Landlord: Elk Investments

This loan transaction involved the property's current owner, Elk Investments, and the lender, Wells Fargo. The loan amount of $15,000,000 reflects the value attributed to the 54,935 square foot office located at 341 West 38th Street in the Garment District.