Aareal Capital Corp & Credit Agricole Provide $500M Loan For 1.45M SF Office Building In Midtown Manhattan
919 Third Avenue
1,450,000 SF
Summary
Aareal Capital Corp and Credit Agricole have led a group of banks in providing $500m in financing against the 1.45 million-square-foot office building located at 919 Third Ave. in Midtown Manhattan. The loan was arranged by CBRE and has a three-year term. It carries a rate pegged to SOFR plus 250 basis points and has been swapped into a fixed 6.11 percent coupon.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $500,000,000
- Address: 919 Third Avenue
- Market: Midtown Manhattan
- Asset Type: Office
- Square Footage: 1,450,000 SF
The financing for the office building at 919 Third Ave. in Midtown Manhattan was provided by Aareal Capital Corp and Credit Agricole, along with a group of other banks. CBRE acted as the arranger for the loan. The building is a 1.45 million-square-foot office property located in the vibrant Midtown Manhattan market. The loan has a three-year term and carries a rate pegged to SOFR plus 250 basis points, which has been swapped into a fixed 6.11 percent coupon. James Millon, Tom Traynor, and Mark Finan from CBRE represented the interests of the parties involved in the transaction as brokers.
Players
All
4
Agents
3
Agencies
1
Details
View on map
Loading...
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want