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Fetner lands $202M refinancing for NYC apartment building

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Fetner lands $202M refinancing for NYC apartment building

Fetner Properties secured an aggregate $201.8 million of refinancing for a 458-unit apartment building at 125 W. 31st St. in Manhattan, N.Y., The Real Deal reported, citing documents filed with the city's Department of Finance.

According to the report, the refinancing comprises a $176.8 million loan and another $25 million loan from the state's Housing Finance Agency, both of which were passed on to Wells Fargo.

The 59-story Epic apartment tower was constructed in 2005. The Durst Organization originally partnered with Fetner on the tower, before it divested its stake back to Fetner.