Carlyle Capital Partners Lends $130M For Mixed-Use Property At 520 5th Ave, New York

520 Fifth Avenue is an approximately 1,000-foot-tall high-rise development in Manhattan. The mixed-use tower spans 450,000 square feet and will include residential components, boutique commercial office space, recreational facilities, and ground-floor retail. The property is located at 520 5th Ave, New York, NY, 10036, in the bustling market of New York.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $540,000,000.00
• Borrower's Representative: Madison Warwick (JLL)
• Lender: Carlyle Capital Partners
• Loan Amount: $130,000,000.00

Christopher Peck, Geoff Goldstein, Evan Pariser, Marko Kazanjian, Alex Staikos, and Madison Warwick of JLL Capital Markets were instrumental in arranging the financing for Rabina. The architectural design of the tower is being led by Kohn Pedersen Fox, and Rabina is the lead developer for this project, which aims to prioritize sustainability, health, wellness, and connectivity. Rabina, a New York-based real estate investment and development firm, has a significant portfolio comprising residential, office, retail, mission-critical, and industrial properties across the United States and internationally.