The Singer & Bassuk Organization represented Rockrose Development Corporation and arranged a $65 million mortgage refinance loan on a West Village rental building located at 100 Jane Street. The loan, which was provided by Wells Fargo, replaced two previous notes. Purchased in 1981, the property totals more than 123,000 sqf with 9 stories and 148 residential units. The building includes an onsite fitness center, roof deck and interior courtyard. Located on the border of the West Village and the Meat Packing District, 100 Jane Street is two blocks south of the High Line Park and the new Whitney Museum.
“We have worked with Rockrose for more than 40 years and have repeatedly delivered market-leading financing for their renowned properties in Manhattan,” said Andrew J. Singer, Chairman and CEO of SBO. “We have completed more than a dozen financings for Rockrose in the neighborhood and have seen it transform from an industrial outpost to a premier residential neighborhood.”
