Deutsche Bank Provides $42M Loan For Office Building At 420 Fifth Ave

Deutsche Bank has provided a loan of $42,000,000 for an office property located at 420 Fifth Ave. The landlord of the property is Witkoff Co. The transaction took place on June 13, 2019. The loan was secured by Deutsche Bank and will contribute to the financing of the property.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $42,000,000
• Address: 420 Fifth Ave

The deal involved several key individuals and companies. The brokers from JLL NY Capital Markets who represented the transaction are Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Jackson Sastri, and Michael Ianno. They worked on behalf of the buyer, seller, landlord, or tenant to facilitate the deal. The transaction demonstrates the significant involvement of these individuals in the commercial real estate market.