Feil Organization borrows $65M from Granite Point Mortgage Trust for office property in Chelsea

Feil Organization through the entity 530 West 25th Street LLC as borrower signed a loan agreement with lender Granite Point Mortgage Trust through the entity Gp Commercial Mortgage LLC valued at $65.2 million for 1 parcel, including the tax class office building with seven to 19 stories (O3) at 530 West 25th Street in Chelsea. The deal closed on December 6, 2019 and was recorded on December 19, 2019.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $238,300.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link