Rudin Family Secures $415M Refinance Loan For Office Building In Midtown Manhattan

The Rudin family has secured a $415,000,000 loan to refinance their office property located at 3 Times Square in Midtown Manhattan. The asset, situated in a prime market, is known for its prestigious location and is highly sought after in the office space market.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $415,000,000
• Date: 06/27/2022
• Address: 3 Times Square
• Market: Midtown Manhattan

The loan was provided by JPMorgan, Bank of America, and M&T Bank. Furthermore, Rudin Management Company was represented by Neil Gupta in this deal. The involvement of these prominent lenders and Rudin Management Company highlights the significance of this transaction in the commercial real estate market. This refinancing deal provides the Rudin family with the opportunity to leverage the value of their office property in one of the prime business districts of Manhattan.