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Winston Fisher Of Fisher Brothers And Stephen Schwarzman Of Blackstone Secure $850M Loan In Manhattan
FINANCED
New York
See Similar DealsOffice
Financed 05/27/2025
FINANCED
Winston Fisher Of Fisher Brothers And Stephen Schwarzman Of Blackstone Secure $850M Loan In Manhattan
1345 6th Avenue
See Similar DealsOffice
Financed 05/27/2025
Summary
NEW YORK
Asset Type:Office
Transaction Type:Loan
1345 6th Avenue is an office asset located in the Manhattan market. The property recently secured a new loan amount of $850,000,000 with terms featuring a 20-year duration. This loan replaces an older 20-year loan amid tighter office lending conditions.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $850,000,000
- Lender: Morgan Stanley, Citigroup & JPMorgan Chase
- Landlord: Winston Fisher - Fisher Brothers; Stephen A. Schwarzman - Blackstone
- Loan Terms: 20-year loan
The transaction was facilitated by Winston Fisher of Fisher Brothers and Stephen A. Schwarzman of Blackstone, who are the landlords for the property. They secured a new mortgage with a two-year term and three one-year extension options.
Players
LENDER
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$850,000,000.00
Monthly NOI$5,666,666.67
Monthly Debt Service$5,372,578.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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