October 12, 2018 Comments Off on NKF Arranges $250M Refi of Recently-Renovated New York Buildings Views: 3013 National News, New York News, Northeast

NKF Arranges $250M Refi of Recently-Renovated New York Buildings

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Normandy Real Estate Partners, Meadow Partners, and AM Property Holding Corp. secured a $250 million floating-rate loan to refinance 80-90 Maiden Lane in New York. The loan was provided by Invesco Real Estate.

The two adjacent, newly-renovated office buildings with ground-level retail sit in the heart of the Financial District, and combine for more than 610,000 square feet. The 25-story properties are being reintroduced to the Downtown Manhattan market as revitalized pre-war office assets that stand to benefit from a significant market-to-market opportunity.

Normandy Real Estate Partners’ Travis Feehan says, “The newly-renovated properties at 80-90 Maiden Lane sit in a prime location in the Financial District – in close proximity to major subway lines, the PATH, and ferry services – and are adjacent to One Chase Manhattan Plaza, four blocks from the World Trade Center, and six blocks from the Seaport District.”

NKF Capital Markets’ Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Chris Kramer and Dylan Kane represented the sponsorship.

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