Signature Bank Provides $120M Refinance Loan For Office Building On Fifth Avenue

Located at 551 Fifth Avenue in the Grand Central area of Manhattan, this office property has recently undergone a significant transaction. The asset spans a total of 427,158 square feet, making it a substantial space in a prime location.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $120,000,000
• Date: 11/01/2022
• Lender: Signature Bank
• Landlord: Feil Organization - Jeffrey J. Feil & Malkin Holdings - Anthony E. Malkin
• Loan Type: Refinance

During the transaction, Signature Bank provided a loan of $120,000,000 to the property owners. The loan, which took place on 11/01/2022, served as a refinancing arrangement. The landlords involved in the transaction include the Feil Organization, represented by Jeffrey J. Feil, and Malkin Holdings, represented by Anthony E. Malkin.