Brookfield Properties Secures $100M Refinance From BNP Paribas For Hudson Yards Condo Units

The asset involved in this transaction is a condo located at 438 West 33rd Street in the Hudson Yards market. The transaction features three condo units, which include the Pendry Manhattan West hotel, a restaurant, and parking facilities. The loan involved in this transaction is a refinance amounting to $100,000,000.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $100,000,000
• Lender: BNP Paribas
• Landlord: Brian Kingston - Brookfield Properties
• Prior Debt: $91,000,000 from Credit Agricole
• Entity Securing Loan: Brookfield Properties, via BOP Nw Hotel Trs LLC

Key individuals involved in this transaction are Brian Kingston, representing Brookfield Properties, who is the landlord of the condo units. BNP Paribas serves as the lender providing the refinance for the properties, replacing existing debt with a new loan amount of $100,000,000.