Carlyle Group And King Street Properties Secure $140.8M Refinance Loan From Deutsche Bank

The property asset involved in this transaction is an office building located at 45-18 Court Square, Long Island City, Queens. The building encompasses a total square footage of 213,103. The loan amount for this transaction is $140,800,000, provided as a refinance financing arrangement.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $140,800,000
• Address: 45-18 Court Square
• Market: Long Island City, Queens
• Lender: Deutsche Bank
• Landlord: Harvey M. Schwartz - Carlyle Group; Thomas Ragno & Stephen Lynch - King Street Properties
• Loan Type: Refinance

This transaction sees Carlyle Group and King Street Properties as the landlords refinancing their office building, showcasing their involvement in managing significant commercial real estate assets in a competitive market. The refinancing replaces earlier debt sourced from ACORE Capital, indicating strategic financial management by the landlords.