Garment District office building gets $70M in refinancing from JPMorgan

Money went to George Comfort & Sons for building at 307 West 38th Street

TRD New York /
Dec.December 07, 2017 08:00 AM

307 West 38th Street

UPDATED: Monday, Dec. 11 at 1:58 p.m.: JPMorgan Chase has provided management company George Comfort & Sons with $70 million to refinance their office building at 307 West 38th Street.

The banking giant refinanced a loan of $35 million originated in 2014 by Barclays and supplemented this with a $35 million bridge loan for the 302,326-square-foot Garment District property, according to the Commercial Observer.

The 20-story office building was constructed in 1927 and is currently 90 percent occupied, with tenants including Vanguard Construction, Kaleidoscope Imaging of New York and Tiger Button Company. [Commercial Observer] – Eddie Small

Correction: The building is located in the Garment District, not Chelsea. 

Related Articles

The Daily Digest - Tuesday

WeWork bonds hit low, new LLC legislation went farther than intended: Daily digest

An example of roll-off waste management (Credit: YouTube, iStock)

Big building owners prevent city from dumping container-pickup in trash-collection reform

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Embattled Prodigy Network CEO Rodrigo Niño to step down

Clockwise from top left: The Watchtower building at 25 Columbia Heights, Long Island University at 1 University Plaza, The Rheingold at 10 Montieth Street and 871 Bushwick Avenue in Brooklyn (Credit: Wikipedia and Google Maps)

These were the top 10 outer borough loans last month

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation