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Al Faisal lands Refi for 790 Seventh Avenue

Mack Real Estate provided the debt

The Manhattan at Times Square Hotel at 790 Seventh Avenue
(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.

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