Wells Fargo provides $65m on West Village apartments

The loan went to the 100 Jane Street property owner Rockrose Development Corporation, which purchased the building in 1995, city records show. The financing pays off the unpaid principal balance from previous loan on top of a $50 million gap mortgage.

Wells Fargo has provided a $65 million financing on a 148-unit apartment building at 100 Jane Street in the West Village neighborhood in Manhattan.

100 Jane Street, Manhattan
100 Jane Street, Manhattan

The borrower, Rockrose Development Corporation, purchased the building in 1995, city records show.

The financing pays off the unpaid principal balance from a previous loan on top of a $50 million gap mortgage.

Wells Fargo was the top commercial mortgage loan originator in the US last year. And so far this year, the bank has been an active lender on Manhattan properties, completing several major deals.

Among the largest, the bank led the $750 million financing of the One New York Plaza office building in lower Manhattan this March.

Last month the bank provided a $75 million Fannie Mae loan on the French Apartments near Madison Square Garden, while providing $56.2 million for the acquisition of two commercial properties in Midtown Manhattan that will be replaced by a senior living facility; and a $150 million financing to Related Companies on a 52-story Tribeca Tower apartment building this April.

Rockrose has acquired, built or repositioned approximately 60 projects totaling 12.7 million sq ft of residential, commercial and retail property valued at approximately $6 billion, according to the company website.

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