The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Wells Fargo Leads $407MM Financing for Rockpoint's Acquisition of One Dag Hammarskjöld Plaza
Wednesday, January 16, 2019
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Lenders/Participants
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Wells Fargo Bank [Lender]
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Structure
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$357MM Senior Loan, $50MM Mezzanine Loan
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Amount
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$407.000
Million
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Borrower(s)
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Rockpoint Group
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Description
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A $357 million senior loan to Rockpoint Group for the acquisition of One Dag Hammarskjöld Plaza.One Dag Hammarskjöld is located at 885 Second Avenue in Midtown Manhattan, anchoring the United Nations submarket and serving as the home to several UN foreign missions as well as a major healthcare provider. The Class-A office tower consists of 50 stories and 813,000 square feet. It spans the western block of Second Avenue between 47th Street and 48th Street. A Brookfield-sponsored real estate debt fund co-originated the financing and contributed a $50 million mezzanine loan, resulting in total financing of $407 million. The loan was provided with a floating interest rate and a 60-month term.
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Industry
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Real Estate
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| Related Tags |
Wells Fargo Bank
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ABL Advisor
Deal Tables
2024
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