J.P. Morgan Chase Provides $282.5 Million Loan For Office Tower At 1325 6th Avenue

The asset involved in this transaction is an 825,905-square-foot office tower located at 1325 6th Avenue in the Manhattan market. The property is associated with a loan amount of $282,500,000 provided by J.P. Morgan Chase.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $282,500,000
• Address: 1325 6th Avenue
• Market: Manhattan
• Lender: J.P. Morgan Chase
• Landlord: Michael Nierenberg - Rithm Capital Corp
• Loan Amount: $282,500,000
• Expected Pricing: 6.6% coupon
• Asset Size: 825,905 SF

The deal involves key individuals such as Jamie Dimon and Michael Nierenberg, with the latter representing Rithm Capital Corp as the landlord for this transaction.