Weinreb secures $91M to refi two UWS rental buildings

Capital One provided the loans for 350 CPW and 255 West 88th Street

255 West 88th Street and 350 Central Park West
255 West 88th Street and 350 Central Park West

Jacob Weinreb’s Weinreb Management locked down $91 million to refinance two rental buildings on the Upper West Side.

Capital One provided the financing, according to property records filed with the city Thursday. A $50 million loan was for a 145-unit rental building at 350 Central Park West, and a $41 million loan was for a 74-unit rental at 255 West 88th Street. Both buildings also feature a ground-floor retail component.

The $50 million loan for the 16-story, 291,500-square-foot Central Park West property consolidates a new $14 million mortgage and replaces a $40 million loan from Santander Bank that was issued in 2012. The $41 million loan for the 14-story, 164,530-square-foot building on West 88th Street replaces a $31 million loan, also provided by Santander Bank in 2012, and consolidates a new $13.1 million mortgage.

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Representatives for Weinreb Management and Capital One were not immediately available for comment.

In 2013, a lesbian couple living in a rent-stabilized apartment of Weinreb’s on West 86th Street sued him for refusing to put both women’s names on the lease.