Connect with us

Financing

RFR lands Refi for 350 Madison Avenue

New York State Teachers’ Retirement System provided the debt

350 Madison Avenue (Credit: Google Maps)

Michael Fuchs and Aby Rosen’s RFR secured a $200 million loan package from the New York State Teachers’ Retirement System to refinance 350 Madison Avenue and 10 East 45th Street.

Financing breakdown: The loan refinances $175 million in existing debt and also provides a $25 million gap mortgage, TRD reported.

Flashback: In 2013, RFR paid $262 million for the office building at 350 Madison Avenue and the adjacent retail property at 10 East 45th Street.

Continue Reading
To Top