Financing
RFR lands Refi for 350 Madison Avenue
Published on
New York State Teachers’ Retirement System provided the debt
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.
