Wilhelm Von Finck Jr. And Albert Behler Refinance 745 5th Avenue With $235M Loan From Rialto Capital

The property asset involved in this transaction is located at 745 5th Avenue in Midtown East, Manhattan. It is an office asset with a building size of 459,340 square feet. The transaction involves a refinance loan amounting to $235,000,000. The property was refinanced to replace an existing loan of $250,000,000 from Deutsche Pfandbriefbank.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $235,000,000
• Address: 745 5th Avenue
• Market: Midtown East, Manhattan
• Lender: Jeff Krasnoff - Rialto Capital Management
• Landlord: Wilhelm Von Finck Jr. & Albert Behler - Paramount Group

Wilhelm Von Finck Jr. and Albert Behler, representing Paramount Group, are key individuals in this transaction through their ownership via Wvf-Paramount 745 Property LP. The refinancing was conducted with Rialto Capital Management, specifically led by Jeff Krasnoff, who facilitated the loan arrangement for the property.