Gary Barnett’s Extell Development locked in $73.5 million to refinance five commercial buildings in Chelsea, the Flatiron District and the Upper West Side.
Deutsche Bank provided the financing, which includes $26.5 million in new loans and consolidates $47 million of existing loans on the properties, according to records filed with the city Monday.
The properties include two adjacent buildings at 140 and 142 West 24th Street in Chelsea. Extell closed on the purchase earlier this month for $9 million, records show, and filed demolition permits for it last week. The five-story property next door at 142 West 24th, one of the Ring portfolio buildings, is in the process of being demolished.
Representatives from Extell could not be immediately reached for comment. Deutsche Bank declined to comment.