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Acres Capital Provides $120M Acquisition Loan For Park Avenue Office Building

45 East 53rd Street
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This Office property located in NY received a loan of $120,000,000 over 1 year ago. The brokers of the deal were Dustin Stolly, Daniel Fromm, and Jordan (Jordy) Roeschlaub

Acres Capital provided a loan of $120,000,000 for the acquisition of an office property located at 45 East 53rd Street in the Park Avenue market. The property spans a total of 130,000 square feet.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $120,000,000
  • Market: Park Avenue
  • Address: 45 East 53rd Street
  • Lender: Acres Capital

The landlords involved in the deal are Rialto Capital Management and ZG Capital Partners, represented by Bobby Zar and James Tamborlane. The brokers who facilitated the transaction were Dustin Stolly, Jordan Roeschlaub, and Daniel Fromm from Newmark.

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  • Location
    45 East 53rd Street45 East 53rd Street
  • Loan Value
    $120,000,000$120,000,000
  • Asset Type
    OfficeOffice
  • Parties
    3 Brokers, 1 Agency, 1 Lender3 Brokers, 1 Agency, 1 Lender

Agents

Dustin Stolly

Dustin Stolly

Deals215
Financed$37.1B

Daniel Fromm

Daniel Fromm

Deals58
Financed$4B

Jordan (Jordy) Roeschlaub

Jordan (Jordy) Roeschlaub

Deals192
Financed$34.2B

Agency

Newmark

Newmark

Agency
Deals3830
Volume$392.4B

ACRES Capital

ACRES Capital

Lender
Deals17
Volume$ 271.1B

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Deal Summary

LOAN IMAGE: Dustin Stolly, James Tamborlane, Daniel Fromm, Bobby Zar & Jordan Roeschlaub DATE: 07/15/2022 ADDRESS: 45 East 53rd Street MARKET: Park Avenue ASSET TYPE: Office ~ SF: 130,000 LENDER: Acres Capital LANDLORD: Rialto Capital Management & ZG Capital Partners - Bobby Zar & James Tamborlane BROKERS: Dustin Stolly, Jordan Roeschlaub (@JordyRoeschlaub) & Daniel Fromm (@Ddwb) - Newmark (@Newmark) LOAN AMOUNT: $120,000,000 LOAN TYPE: Acquisition

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45 East 53rd Street

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