Former WeWork CEO Adam Neumann and partner Jeffrey Dagowitz have secured a $75 million refinancing for a Chelsea development site. The new financing from G4 Capital Partners replaces an existing $65 million mortgage on the property at 123 West 23rd Street, Commercial Observer reported. Neumann took over the property from Bank of America in 2017. At the time, sources told The Real Deal that Neumann’s firm had considered building a WeLive co-living tower on the
source https://therealdeal.com/2020/07/14/adam-neumann-jeff-dagowitz-get-75m-refi-for-chelsea-dev-site/
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