Aby Rosen's RFR Holding Secures $1.1B Refinancing Deal For Seagram Building At 375 Park Avenue
375 Park Avenue
$1,100,000,000
Building Size
—
Asset Type
Office
Closing
Dec 18, 2023
About this deal
AI
RFR Holding, led by Aby Rosen, has successfully secured a $1.1 billion refinancing deal for the Seagram Building at 375 Park Avenue, midtown Manhattan. This deal replaces the existing $789 million senior commercial mortgage-backed securities loan.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,100,000,000
- Date: 12/18/2023
- Address: 375 Park Avenue
- Market: Midtown Manhattan
The lender in this transaction is Anthony Shaskus from JVP Management. The landlord, Aby Rosen, represents RFR Holding. The loan amount of $1.1 billion is for the purpose of refinancing the Seagram Building at 375 Park Avenue.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.01%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93