Fortress Investment Group Refinances $125 Million Retail Loan At 1880 Broadway In Manhattan

The asset involved in this transaction is a retail condo located at 1880 Broadway in the Lincoln Square market of Manhattan. The property spans 83,000 square feet and has been refinanced with a loan amount of $125,000,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $125,000,000
• Address: 1880 Broadway
• Market: Lincoln Square, Manhattan
• Lender: Wells Fargo Commercial Mortgage Trust
• Landlord: Fortress Investment Group, Jonathan Ofer - Global Holdings Management Group, William Lie Zeckendorf - Zeckendorf Development, Richard Wagman - Madison Capital
• Loan Type: Refinance
• Loan Maturity Extended To: 2030

The refinance transaction was facilitated by Fortress Investment Group, Global Holdings, Zeckendorf Development, and Madison Capital, who worked with Wells Fargo Commercial Mortgage Trust to extend the maturity of the original loan, Series 2012-C6.