Chetrit Organization Refinances Midtown East Office Building With $350M Loan From HPS Investment Partners
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This Office property located in NY received a loan of $350,000,000 over 2 years ago. The brokers of the deal were Frank Meli and Robert Verrone
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- Location850 Third Avenue, Manhattan, New York, NY, USA
- Loan Value$350,000,000
- Asset TypeOffice
- Parties2 Brokers, 1 Agency, 1 Lender
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Deal Summary
LOAN
IMAGE: Robert Verrone & Michael Chetrit
DATE: 09/30/2021
ADDRESS: 850 Third Avenue
MARKET: Midtown East
ASSET TYPE: Office ~ SF: 608,000
LENDER: HPS Investment Partners - Joseph Tansey & Patrick Crosetto
LANDLORD: Chetrit Organization - Michael Chetrit
BROKER: Iron Hound Management - Robert Verrone & Frank Meli
LOAN AMOUNT: $350,000,000
LOAN TYPE: Refinance
LOAN TERMS: $320,000,000 of initial funding with a $30,000,000 future funding facility.
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