Financing
Al Faisal lands Refi for 790 Seventh Avenue
Published on
Mack Real Estate provided the debt
(Credit: Google Maps)
Qatar’s Al Faisal Holdings has secured a $290 million loan from Mack Real Estate Group to refinance 790 Seventh Avenue.
Property Details: The 689-key Times Square hotel spans 462,000 square feet, and occupies a full city block between West 51st and West 52nd Streets.
Financing Breakdown: Mack assumed a $275 million loan from August 2017. The lender also provided a $15 million gap mortgage, according to TRD.
