Triangle Assets And Faraj Srour Secure $101.45M Loan For Midtown Manhattan Office Buildings

The Bank of Montreal and Citibank have extended a $101.45 million loan against two office buildings in midtown Manhattan. The properties, located at 369 Lexington Ave. and 2 West 46th St., have a combined square footage of 292,573. The loan is a refinancing of existing debt, including securitized senior debt and mezzanine debt, and is secured by the partnership owned by Triangle Assets and investor Faraj Srour.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $101,450,000
• Address: 369 Lexington Avenue & 2 West 46th Street
• Market: Midtown Manhattan
• Lender: Bank of Montreal & Citibank
• Landlord: Triangle Assets & Faraj Srour

The loan transaction involves the collaboration between the Bank of Montreal, Citibank, Triangle Assets, and Faraj Srour. The loan will help refinance the existing debt on the properties, providing financial stability and potential investment opportunities for all parties involved.