RXR Realty Secures $177.5 Million Refinance Loan From ING Capital For Office At 530 5th Avenue

The asset involved in this transaction is an office condominium located at 530 5th Avenue in Midtown West, Manhattan. The condominium covers a total square footage of 386,839 and has undergone refinancing with a loan amount of $177,500,000. This refinancing replaces prior debt that amounted to $171 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $177,500,000
• Address: 530 5th Avenue
• Market: Midtown West, Manhattan
• Lender: Jeffrey Schwartz & Nicolaas van Boekel - ING Capital
• Landlord: David Frank - RXR Realty
• Loan Type: Refinance

This refinancing deal was secured by RXR Realty, which is represented by David Frank. The lenders involved in this transaction are Jeffrey Schwartz and Nicolaas van Boekel, both from ING Capital, who facilitated the refinance process for the office condominium.