Rialto Capital Provides $228.9 Million Refinance Loan For 295 Fifth Avenue Office In Manhattan

The asset involved in the transaction is an office property located at 295 Fifth Avenue in Manhattan, encompassing a total of 707,000 square feet. This transaction features a loan amount of $228,900,000, which serves as a refinance for the property.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $228,900,000
• Address: 295 Fifth Avenue
• Market: Manhattan
• Lender: Rialto Capital
• Landlord: PGIM, Tribeca Investment Group & Meadow Partners
• Loan Type: Refinance
• Brokers: Dustin Stolly, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Michael Brown, Christopher de Raet & Jack Krentzman - Walker & Dunlop

The transaction involves key entities including Rialto Capital, which provided the refinancing, and the landlords PGIM, Tribeca Investment Group, and Meadow Partners. The brokerage team from Walker & Dunlop, including multiple representatives, facilitated the loan arrangement for this property deal.