ANOTHER MAJOR REFI
Want to get a jump start on upcoming deals? Meet the major New York City players at one of our upcoming events!
|Announced yesterday, PBC USA Real Estate has nabbed a $400M loan from JPMorgan Chase to refi the 865k SF, Class-A 452 Fifth Ave.|
|The financing follows a successful $22M repositioning and leasing campaign; the property is now 92% leased to tenants like HSBC (the North American HQ) and Baker & McKenzie. PBC bought the property in April ’10 for $330M and now will market the top three floors. Congrats to Ackman-Ziff’s Shawn Rosenthal, who arranged the 10-year refi—a $300M senior loan and $100M in mezz debt.|