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Hilson Management Refinances Three Midtown Manhattan Office Buildings For $83.5M With Beach Point Capital

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FINANCED
$83,500,000

New York

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Office701,001 SF
Financed 12/24/2025
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FINANCED

Hilson Management Refinances Three Midtown Manhattan Office Buildings For $83.5M With Beach Point Capital

5 West 37th Street, 185 Madison Avenue & 349 353 Lexington Avenue

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Office701,001 SF
Financed 12/24/2025
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$119
Total Square Footage:701,001 SF
Transaction Type:Loan

The asset involved in this transaction consists of three office buildings located at 5 West 37th Street, 185 Madison Avenue, and 349 Lexington Avenue, situated in the Manhattan market. The total square footage of these properties is 233,667. Hilson Management, the landlord, has refinanced these properties for a total loan amount of $83,500,000, a decrease from the previous loan of $99,800,000 held by Rialto Capital.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $83,500,000
  • Lender: Carl Goldsmith & Scott Klein - Beach Point Capital Management
  • Landlord: Hilson Management
  • Loan Type: Refinance

In this transaction, Carl Goldsmith and Scott Klein represent Beach Point Capital Management as the lender, facilitating the refinancing of the properties previously financed by Rialto Capital. The transaction occurred on December 24, 2025.

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LENDER

Details

FINANCED
IMAGE: Carl Goldsmith & Scott Klein DATE: 12/24/2025 ADDRESS: 5 West 37th Street, 185 Madison Avenue & 349 Lexington Avenue MARKET: Manhattan ASSET TYPE: Office ~ SF: 233,667 LENDER: Carl Goldsmith & Scott Klein - Beach Point Capital Management LANDLORD: Hilson Management LOAN AMOUNT: $83,500,000 LOAN TYPE: Refinance NOTE: Hilson Management refinanced three Midtown Manhattan office buildings for $83.5M with Beach Point Capital, down from the prior $99.8M loan held by Rialto Capital.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$83,500,000.00

Monthly NOI$556,666.67
Monthly Debt Service$527,776.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00