Olnick Organization locked down $85 million to refinance its office-and-retail Building On Prince Street in Soho.
First Republic Bank provided the financing, according to records filed with the city Friday. The loan includes a new $29.2 million mortgage, and replaces a $62 million loan from AXA Equitable Life Insurance, issued in 2008.
In 2015, tenants at Olnick’s Lenox Terrace complex in Harlem accused the firm of illegally raising rent on their stabilized apartments.
Representatives from Olnick and First Bank declined to comment.