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Brookfield Real Estate Finance, Deutsche Pfandbriefbank & Aareal Capital Corp. Provide $385.5M Loan For 513,401 SF Office Property At 1375 Broadway In Garment District

500-512 Seventh Avenue
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This Office property located in NY received a loan of $375,000,000 almost 6 years ago.

The property involved in the closed transaction is a located at in the market. The loan for this transaction was provided by Brookfield Real Estate Finance, Deutsche Pfandbriefbank, and Aareal Capital Corp. The landlord in this deal is Savanna. The brokers involved in the transaction are Adam Spies, Alex Hernandez, Adam Doneger, Zachary Kraft, Alex Lapidus, and Steve Kohn.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $385,500,000
  • Square Footage: 513,401

The key individuals and companies involved in this deal include Adam Spies, Adam Doneger, Steve Kohn, Alex Hernandez, Alex Lapidus, and their respective agencies. They played a crucial role in facilitating this transaction.

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Deals
  • Location
    500 7th Ave, New York, NY 10018, USA500 7th Ave, New York, NY 10018, USA
  • Loan Value
    $375,000,000$375,000,000
  • Asset Type
    OfficeOffice

Deal Summary

LOAN IMAGE: Adam Spies, Alex Hernandez, Adam Doneger, Zachary Kraft, Alex Lapidus & Steve Kohn DATE: 07/14/2020 ADDRESS: 1375 Broadway MARKET: Garment District ASSET TYPE: Office LENDER: Brookfield Real Estate Finance, Deutsche Pfandbriefbank & Aareal Capital Corp. LANDLORD: Savanna BROKERS: Adam Spies, Adam Doneger, Steve Kohn, Alex Hernandez, Alex […] LOAN AMOUNT: $385,500,000 SF: 513,401

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