RFR Holding Secures $1.2B Loan From JPMorgan Chase And Citibank For 375 Park Avenue Office

The asset involved in this transaction is an office building located at 375 Park Avenue in Midtown East, Manhattan. The property encompasses a total square footage of 849,014 and is under the ownership of RFR Holding.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,200,000,000
• Lender: JPMorgan Chase & Co; Citibank
• Landlord: Michael Fuchs & Aby Rosen - RFR Holding
• Brokers: Grant Frankel, Rob Turner, Ethan Pond & Drew Ahlers - Eastdil Secured
• Prior Debt: $789,000,000

This transaction was facilitated by brokers Grant Frankel, Rob Turner, Ethan Pond, and Drew Ahlers, representing Eastdil Secured, who assisted RFR Holding in securing the senior loan from JPMorgan Chase and Citibank.