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Aby Rosen's RFR Holding Secures $1.1B Refinancing Deal For Seagram Building At 375 Park Avenue
FINANCED
$1,100,000,000
New York
See Similar DealsOffice
Financed 12/18/2023
FINANCED
Aby Rosen's RFR Holding Secures $1.1B Refinancing Deal For Seagram Building At 375 Park Avenue
375 Park Avenue
See Similar DealsOffice
Financed 12/18/2023
Summary
NEW YORK
Asset Type:Office
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,100,000,000.00
Monthly NOI$7,333,333.33
Monthly Debt Service$6,952,748.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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