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Paramount Group Secures $900 Million Loan From Wells Fargo And Morgan Stanley For 1301 6th Avenue
FINANCED
$900,000,000
New York
See Similar DealsOffice1,750,000 SF
Financed 07/30/2025
FINANCED
Paramount Group Secures $900 Million Loan From Wells Fargo And Morgan Stanley For 1301 6th Avenue
1301 6th Avenue
See Similar DealsOffice1,750,000 SF
Financed 07/30/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$514
Total Square Footage:1,750,000 SF
Transaction Type:Loan
The asset involved in the transaction is a 1,750,000 square foot office building located at 1301 6th Avenue, situated in the Manhattan market. The landlord of this property is Albert Behler, who represents Paramount Group. The total loan amount secured for this property is $900,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $900,000,000
- Address: 1301 6th Avenue
- Market: Manhattan
- Lender: Wells Fargo & Morgan Stanley
- Landlord: Albert Behler - Paramount Group
This transaction involves key players such as Wells Fargo and Morgan Stanley as lenders for the financing secured by Paramount Group. Albert Behler, representing the landlord Paramount Group, facilitated the mortgage financing for the office tower in Midtown Manhattan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$900,000,000.00
Monthly NOI$6,000,000.00
Monthly Debt Service$5,688,612.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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