Brookfield Properties Secures $462.3M Refinancing Loan From Cale Street Partners For Condo In Manhattan

The asset involved in this transaction is a retail condo located at 730 Fifth Avenue in Midtown West, Manhattan. This condo has a total square footage of 73,522. Brookfield Properties secured a refinancing loan for this property. The loan amount is $462,300,000, provided by Cale Street Partners, and replaces prior debt from Apollo Global Management.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $462,300,000
• Address: 730 5th Avenue
• Market: Midtown West, Manhattan
• Lender: Cale Street Partners
• Landlord: Kevin McCrain - Brookfield Properties
• Previous Lender: Apollo Global Management

Key individuals in this transaction include Kevin McCrain, representing Brookfield Properties as the landlord of the property. Cale Street Partners acted as the lender providing the refinancing for the condo. This loan marks a significant financing move for Brookfield Properties as they aim to optimize their asset portfolio.