PGIM Provides $82 Million Loan To Rudin Management For Refinancing Office At 641 Lexington Avenue

The property asset involved in this transaction is an office building located at 641 Lexington Avenue in Midtown Manhattan. The asset has a total square footage of 426,775 and is part of the Manhattan market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $82,000,000
• Lender: PGIM
• Landlord: Samantha Rudin Earls & Michael Rudin - Rudin Management Company
• Original Loan: $60,000,000
• Previous Loan Originated: 10 years ago

Key individuals involved in this transaction include the landlords Samantha Rudin Earls and Michael Rudin, who represent Rudin Management Company. The lender responsible for the mortgage loan is PGIM, providing financing for the refinancing of the property.