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Wells Fargo Bank Of America And Bank Of Montreal Provide $1.125 Billion Refinance Loan For 3 Bryant Park

Property Image
FINANCED
$1,125,000,000
Drew Isaacson
Lauren Kaufman
+ 2

New York

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Office1,200,000 SF
Financed 02/06/2025
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Property Image
FINANCED

Wells Fargo Bank Of America And Bank Of Montreal Provide $1.125 Billion Refinance Loan For 3 Bryant Park

3 Bryant Pk

See Similar Deals
Office1,200,000 SF
Financed 02/06/2025
Drew Isaacson
Lauren Kaufman
+ 2
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$937
Total Square Footage:1,200,000 SF
Transaction Type:Loan

The property asset involved in the transaction is located at 3 Bryant Park in the Midtown market, boasting an office asset type with a total square footage of 1,200,000. The refinancing loan amount for this property is $1,125,000,000.

Summary of transaction details:

The deal involves key representatives from various companies, including Wells Fargo, Bank of America, and Bank of Montreal as lenders. The landlords managing the property are Ivanhoe Cambridge and Hines, while the brokerage services were provided by Christopher Peck, Drew Isaacson, Lauren Kaufman, Jennifer Zelko, and Christopher Pratt from JLL.

Players

Christopher (Chris) Peck
70 deals$14.6B volume(212) 632-1812
BROKER

Lauren Kaufman
JLL
35 deals$5.4B volume(312) 470-1800
BROKER

Drew Isaacson
JLL
22 deals$6B volume
BROKER

Christopher "Chris" Pratt
JLL
22 deals$5.7B volume
BROKER

Jennifer Zelko
JLL
13 deals$2.4B volume(212) 812-6552
BROKER

Bank of America
LENDER


Details

FINANCED
IMAGE: Drew Isaacson, Jennifer Zelko, Christopher Peck, Christopher Pratt & Lauren Kaufman DATE: 02/06/2025 ADDRESS: 3 Bryant Park MARKET: Midtown ASSET TYPE: Office ~ SF: 1,200,000 LENDER: Wells Fargo (@WellsFargo), Bank of America (@BankofAmerica) & Bank of Montreal (@BMO_US) LANDLORD: Ivanhoe Cambridge @IvanhoeCambridge) & Hines (@Hines) BROKERS: Christopher Peck, Drew Isaacson, Lauren Kaufman, Jennifer Zelko & Christopher Pratt - JLL (@JLL) LOAN AMOUNT: $1,125,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,125,000,000.00

Monthly NOI$7,500,000.00
Monthly Debt Service$7,110,765.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00