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5 Times Square
FINANCED

RXR Refinances Times Square Office Building With $1.3B Loan From Morgan Stanley And Apollo Global Management Inc

5 Times Square

Office
1,130,000 SF
clock iconFinanced 1 year ago
Rob Turner
Grant Frankel
Ethan Pond
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Summary

Loan
NEW YORK
Office
1,130,000 sqft

The office property located at 5 Times Square in Times Square has undergone a refinancing transaction. The loan for this transaction was provided by Morgan Stanley, Apollo Global Management Inc., and American International Group Inc. The total loan amount for the refinancing was $1,300,000,000. The landlord in this deal is RXR, represented by Scott Rechler.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,300,000,000

The key individuals and companies involved in this transaction are Morgan Stanley, Apollo Global Management Inc., American International Group Inc., RXR, and Scott Rechler. The loan was provided by Morgan Stanley, Apollo Global Management Inc., and American International Group Inc. as part of the refinancing deal. RXR, represented by Scott Rechler, acted as the landlord in this transaction.

Players

  • All

    5

  • Agents

    3

  • Agencies

    1

  • Lenders

    1

Rob Turner's profile picture
Rob Turner
Eastdil Secured-image
Managing Director
$73.2M Sold
Ethan Pond's profile picture

Details

Deal Summary
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FINANCED
IMAGE: Scott Rechler DATE: 09/06/2022 ADDRESS: 5 Times Square MARKET: Times Square ASSET TYPE: Office LENDER: Morgan Stanley (@Morgan.Stanley), Apollo Global Management Inc. & American International Group Inc. (@AIGInsurance) LANDLORD: RXR (@RXR_Realty) - Scott Rechler (@ScottRechler) LOAN AMOUNT: $1,300,000,000 LOAN TYPE: Refinancing

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Address5 Times Square

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