Vanbarton Group Secures $352 Million Refinance Loan From Goldman Sachs For Midtown Office Asset

The asset involved in this transaction is an office property located at 425 Lexington Avenue in Midtown Manhattan, encompassing a total square footage of 750,000. The refinancing secured is valued at $352,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $352,000,000
• Loan Type: Refinance
• Lender: Goldman Sachs
• Landlord: Vanbarton Group
• Brokers: Christopher Peck, Drew Isaacson, Christopher Pratt & Jennifer Zelko - JLL

The refinancing was arranged by JLL on behalf of Vanbarton Group, LLC, enabling them to secure a floating rate, single-asset single-borrower (SASB) financing through Goldman Sachs, with funding managed by BlackRock.