Kaufman Organization Secures $42 Million Refinance Loan From Apple Bank For Midtown Manhattan Office

The asset involved in this transaction is an office property located at 450 Seventh Avenue, Midtown Manhattan. The property spans a total area of 510,304 square feet and is owned by Kaufman Organization. The transaction revolves around a loan amounting to $42,000,000 for refinancing purposes, facilitated by Apple Bank.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $42,000,000
• Address: 450 Seventh Avenue
• Market: Midtown Manhattan
• Asset Size: 510,304 SF
• Lender: Apple Bank
• Landlord: Kaufman Organization
• Broker: Aaron Niedermayer - JLL

Key individuals involved in this transaction include Steve Kaufman and Aaron Niedermayer. Aaron Niedermayer represents JLL as the broker in this deal, aiding in the refinancing process for the Kaufman Organization.