RFR Holding Secures $92.1 Million Refinance Loan For Manhattan Condo Units | 25 5th Avenue | Condo | Loan

Summary

Loan

NEW YORK

Condo

RFR Holding, led by Richard Froom, has secured a refinancing loan of $92.1 million from M&T Bank for 145 unsold residential condominium units in various Manhattan buildings. These buildings include 25 Fifth Avenue, 28 East 10th Street, 219 West 81st Street, and 530 Park Avenue.

Summary of transaction details

Property Type: Condo
Transaction Amount: $92,060,584
Market: Manhattan
Units: 145
Lender: M&T Bank
Landlord: RFR Holding - Richard Froom
Loan Type: Refinance

The loan from M&T Bank will provide much-needed financing for RFR Holding's unsold residential condominium units across multiple Manhattan buildings. This refinancing transaction allows RFR Holding to optimize their financial position and continue their real estate operations.

Details

Deal Summary

FINANCED

IMAGE: 05/03/2023 ADDRESS: 25 Fifth Avenue, 28 East 10th Street, 219 West 81st Street & 530 Park Avenue MARKET: Manhatan ASSET TYPE: Condo ~ UNITS: 145 LENDER: M&T Bank LANDLORD: RFR Holding - Richard Froom LOAN AMOUNT: $92,060,584 LOAN TYPE: Refinance NOTE: RFR Holding secured a refinancing loan worth $92.1 million from M&T Bank for 145 unsold residential condominium units in various Manhattan buildings, including 25 Fifth Avenue, 28 East 10th Street, 219 West 81st Street, and 530 Park Avenue.

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Address25 5th Avenue

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