RXR Realty's Scott Rechler Secures $1.45 Billion Loan From Apollo Global Management For 1211 6th Avenue

The property involved in the transaction is located at 1211 6th Avenue in Midtown Manhattan, comprising a 45-story office building with a total square footage of 2,000,000. The transaction centers around a recapitalization totaling $1,450,000,000, with Apollo Global Management providing debt of $1,035,000,000, which extends to June 2028.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,450,000,000
• Address: 1211 6th Avenue
• Market: Midtown Manhattan
• Lender: Apollo Global Management
• Landlord: Scott Rechler - RXR Realty
• Brokers: Adam Spies, Douglas Harmon, Marcella Fasulo & Adam Doneger - Newmark
• Loan Type: Recapitalization

This deal highlights the collaboration of key players in the transaction, including Scott Rechler representing RXR Realty as the landlord. The brokers, Adam Spies, Douglas Harmon, Marcella Fasulo, and Adam Doneger from Newmark, facilitated this significant recapitalization effort.