Citigroup Provides $70 Million Refinance Loan For 500,000 SF Office In Kew Gardens

The asset involved in the transaction is an office space located in Kew Gardens, comprising a total square footage of 500,000. The loan amount for this refinancing transaction is $70,000,000, with a loan type classified as refinance. The terms of the loan are set for an interest-only period of 5 years.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $70,000,000
• Lender: Citigroup
• Broker: Ben Himmel - Meridian Capital Group
• Loan Terms: 5-year interest-only

Ben Himmel from Meridian Capital Group represents the broker in this refinancing transaction involving the office asset in Kew Gardens, which highlights the key role of the broker in facilitating the loan agreement.