Wells Fargo provided the debt
Brookfield Property Partners has secured $530 million in construction financing from Wells Fargo for One Manhattan West (AKA 401 Ninth Avenue). Plans call for a 2.1 million SF office building.
Financing Breakdown: The package includes a $450 million building loan, plus an $80 million project loan, according to CO.
Worth Noting: The office tower will be part of Brookfield’s Manhattan West mega project, which will span over seven million SF. With a total of six buildings, the complex will also feature residential and hotel space.