This $845mm loan refied last week - BACM 2004-4 ($150mm senior, $103mm rake legs), BACM 2004-5 ($137mm), MLMT 2004-BPC1 ($130mm), and $230mm in Mezz.
The new debt ($600mm) was provided by Pac Life and Met Life, carries a 5.1% coupon, 10 year balloon, amortizing structure.
This 1.8mm square foot office is 93% leased at an average rate of $56.35/sf with the major tenants being BofA (659k sf), Kirkland & Ellis (125k sf), and UBS (107k sf).
Vornado purchased a 70% stake of this property and 1290 Avenue of the Americas in 2007.
Showing posts with label Bank of America Center. Show all posts
Showing posts with label Bank of America Center. Show all posts
Monday, September 26, 2011
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