Stellar Management Secures $80M Refinance Loan From Lone Star Funds For Office Asset In NYC

An office asset located at 218 5th Avenue in New York City was involved in a loan transaction. The loan amount is set at $80,000,000.00, and it serves as a refinance for the property.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $80,000,000.00
• Loan Type: Refinance
• Lender: Lone Star Funds
• Landlord: Stellar Management
• Date of Transaction: 02/26/2025
• Market: New York City

Lone Star Funds acted as the lender for the transaction, while Stellar Management is noted as the landlord associated with the property. The refinance highlights the involvement of these key players in the office market of New York City.