Showing posts with label 345 Park Avenue South. Show all posts
Showing posts with label 345 Park Avenue South. Show all posts

Monday, June 3, 2013

345 Park Avenue South (JPMCC 2004-C3) refinanced

According to a Bisnow email , Citibank provided a $100mm CMBS loan to takeout the $68.9mm loan (6.99% of JPMCC 2004-C3) currently on the property which had a maturity date of 1/1/2015 and 18 more months of defeasance. The sponsor is RFR USA (Aby Rosen and Michael Fuchs). The sole tenant is Digitas, with a lease roll in 11/2021, a couple of years before the new 10-year loan matures.