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1285 Avenue Of The Americas
FINANCED

RXR Realty Secures $731M Refinance Loan For Office Building At 1285 Avenue Of The Americas In Midtown West, Manhattan

1285 Avenue Of The Americas

Office
1,613,847 SF
clock iconFinanced 163 days ago
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Summary

Loan
NEW YORK
Office
1,613,847 sqft

RXR Realty's C & K 1285 Owner LLC has secured a $731 million refinance loan for the office building located at 1285 Avenue Of The Americas in Midtown West, Manhattan. This loan is part of a larger $980 million refinancing deal for the property, which originally had a $1.2 billion loan. The asset is an office building with a total square footage of 1,613,847. The address of the property is 1285 Avenue Of The Americas, and it is situated in the Midtown West market of Manhattan.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $731,000,000
  • Lender: Michael Medvin - American International Group (AIG) & Jane Lam - Morgan Stanley
  • Landlord: Scott Rechler & Michael Maturo - RXR Realty
  • Loan Type: Refinance

In the deal, Michael Medvin from American International Group (AIG) and Jane Lam from Morgan Stanley acted as lenders for the refinance loan. The landlords of the property, Scott Rechler and Michael Maturo, represent RXR Realty. This transaction provides RXR Realty's C & K 1285 Owner LLC with a refinance loan of $731 million, securing the office building at 1285 Avenue Of The Americas in Midtown West, Manhattan.

Details

Deal Summary
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FINANCED
IMAGE: Scott Rechler & Michael Maturo DATE: 10/26/2023 ADDRESS: 1285 Avenue Of The Americas MARKET: Midtown West, Manhattan ASSET TYPE: Office ~ SF: 1,613,847 LENDER: Michael Medvin - American International Group (AIG) (@AIGInsurance) & Jane Lam - Morgan Stanley (@Morgan.Stanley) LANDLORD: Scott Rechler & Michael Maturo - RXR Realty (@One_RXR) LOAN AMOUNT: $731,000,000 LOAN TYPE: Refinance NOTE: RXR Realty's C & K 1285 Owner LLC secured a $731 million refinance loan for the office building at 1285 Avenue Of The Americas in Midtown West, Manhattan, part of a larger $980 million refinancing deal for the property, which originally had a $1.2 billion loan.

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Address1285 Avenue Of The Americas

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