Wells Fargo, J.P. Morgan Chase, And Bank Of America Provide $1.3B Refinance Loan For Durst Organization

The asset involved in this transaction is One Five One, a 48-story office tower located at 151 West 42nd Street in Manhattan. The property has secured a refinancing loan amounting to $1,300,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,300,000,000
• Lender: Wells Fargo & J.P. Morgan Chase & Bank of America
• Landlord: Douglas Durst - Durst Organization
• Loan Type: Refinance

The Durst Organization received advisory services from Rosenberg & Estis for this significant $1.3B CMBS refinancing, which is noted as one of Manhattan's largest CMBS deals this year.