Rithm Capital Secures $515 Million Refinance Loan From Wells Fargo, SL Green And Meadow Partners

The property asset is an office building located at 31 West 52nd Street in Manhattan, encompassing a total of 785,089 square feet. This transaction involved a refinance loan amounting to $515,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $515,000,000
• Lender: Wells Fargo – Charles Scharf; SL Green – Marc Holliday; & Meadow Partners – Jeffrey Kaplan
• Landlord: Rithm Capital – Michael Nierenberg
• Landlord's Representative: Jordan Roeschlaub, Nick Scribani, Tim Polglase, Dan Axelson, Jack Fenton, Adam Spies & Adam Doneger - Newmark; Gideon Gil - Cushman & Wakefield
• Loan Type: Refinance

This transaction was facilitated by key individuals including Charles Scharf, Marc Holliday, and Jeffrey Kaplan representing the lenders. Michael Nierenberg acted as the landlord, supported by a team of representatives from Newmark and Cushman & Wakefield, highlighting a collaboration among multiple entities for the successful completion of this refinancing deal.