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
About this deal
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:
- Property Type: Office
- Transaction Amount: $1,300,000,000
- Lender: Citi, Barclays, ING, Bank of America, Santander
- Landlord: Brookfield
- Landlord's Representative: Grant Frankel, Rob Turner, Ethan Pond & Drew Ahlers - Eastdil Secured
- Loan Type: Refinance
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.
On the Map
$1,300,000,000
Office
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Players
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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