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Aby Rosen s RFR Faces $224M Foreclosure on 522 Fifth Avenue
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Robbers hold up Chicago bar and its customers at gunpoint, shoot at owner
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Scenes from the ribbon cutting at One Vanderbilt in September (Credit: Jakob Kahlin)
Goldman Sachs and Wells Fargo are leading a massive refinancing of One Vanderbilt that will allow developer SL Green Realty and its partners to cash out hundreds of millions of dollars from the newly completed Midtown skyscraper.
The banks are heading a consortium of lenders putting together a debt package for the 58-story, Grand Central-area tower to the tune of roughly $2.25 billion, sources familiar with the financing told
The Real Deal.
It’s set to be one of the largest single-building commercial real estate loans in New York history. And it will provide a major windfall for the Marc Holliday-led real estate investment trust and its partners at a time when equity investors are still skittish about Manhattan office properties while cheap debt fueled by low interest rates is in abundant supply.