Friedland Properties and Rose Associates’ $218 million financing for 7 West 21st Street in the Flatiron District


Olshan advised the borrower on the transaction

Friedland Properties and Rose Associates secured a $218 million financing from Wells Fargo Multifamily Capital for refinancing of 7 West 21st Street, located between Fifth and Sixth Avenues in the Flatiron District.

The luxury apartment development includes two 18-story buildings, with frontage on West 21st and West 22nd Streets. The property is divided into four condominium units to permit the structure needed for the bond financing.

Friedland Properties Inc provides real estate services. The Company, based in NY, offers commercial and residential properties on retail and rental basis.

Rose Associates, Inc. develops and manages office towers, commercial retail centers, mixed-use complexes, and high-rise residential buildings.

Olshan advised the borrower with a team including Real estate attorneys Thomas D. Kearns (Picture) and Genta Stafaj.

Involved fees earner: Thomas Kearns – Olshan Frome Wolosky LLP; Genta Stafaj – Olshan Frome Wolosky LLP;

Law Firms: Olshan Frome Wolosky LLP;

Clients: Rose Associates, Inc.; Friedland Properties Inc;

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Author: Ambrogio Visconti