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HFF Arranges $130 Million Refinancing for Class A High-Rise Multi-Housing Community in Manhattan

NEW YORK - (BUSINESS WIRE) - HFF announced today that it has arranged a $130 million refinancing for The Capitol at Chelsea, a luxury high-rise multi-housing community in Manhattan.

Working exclusively on behalf of institutional investors advised by J.P. Morgan Asset Management, HFF placed the seven-year loan with HSBC Bank USA.

The Capitol at Chelsea is located at 55 West 26th Street in Manhattan's Chelsea neighborhood. Completed in 2001, the 38-story tower includes 387 residential units, 67,329 square feet of retail and office space and a 140-space parking garage. Community amenities include a state-of-the-art fitness center, expansive outdoor patios and concierge services. The Capitol at Chelsea's commercial component is leased to tenants including Starbucks, Valley National Bank, Tutor Time and Beth Israel Hospital.

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