Mutual Redevelopment Houses landed a $187.5 million federally insured mortgage to refinance its six affordable housing properties known as Penn South in Chelsea. Wells Fargo provided the loan for the buildings — 212 Ninth Avenue, 305 Ninth Avenue, 313 Eighth Avenue, 311 West 24th Street, 270 Ninth Avenue and 250 Ninth Avenue — which replaces a $134 million loan from the New York City Housing Development Corporation, the Commercial Observer reported. That financing matures in […]