Signature Bank Provides $128M Refinance Loan For Office Building At 150 East 52nd Street In Midtown East, Manhattan

A loan transaction took place at 150 East 52nd Street in Midtown East, Manhattan. The property involved is an office space with a total area of 304,640 square feet. The loan was provided by Signature Bank, with Kenneth Stagnari representing the bank in the transaction. The loan amount was $128,000,000, and it was obtained for the purpose of refinancing.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $128,000,000
• Address: 150 East 52nd Street
• Market: Midtown East, Manhattan
• Lender: Signature Bank - Kenneth Stagnari

The landlord for the property is Princeton International Properties, with David Tawfik representing the company. This loan transaction represents a significant financial agreement between the borrower and the lender, aiming to refinance the property. It is indicative of the ongoing activity and investment in the Midtown East market.