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660 5th Avenue

Brookfield Secures $1.3 Billion Refinance Loan For Office Building At 660 5th Avenue
FINANCEDOffice

Brookfield Secures $1.3 Billion Refinance Loan For Office Building At 660 5th Avenue

660 5th Avenue

$1,300,000,000

Building Size

Asset Type

Office

Closing

Oct 21, 2025

AI

The property asset involved in this transaction is located at 660 5th Avenue in Manhattan and is classified as an office space. The total loan amount for this refinancing transaction is $1,300,000,000.

Summary of transaction details:

The loan was facilitated by a consortium of lenders comprising Citi, Barclays, ING, Bank of America, and Santander. The transaction is represented by Grant Frankel, Rob Turner, Ethan Pond, and Drew Ahlers from Eastdil Secured, who acted on behalf of the landlord, Brookfield.

Players

Drew Ahlers

Eastdil Secured

Broker

$8.1B

vol

16 deals

Broker
Eastdil Secured
Eastdil SecuredBrokerage
Barclays Bank
Barclays BankLender

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.01%

Cash-on-Cash

-0.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93