Morgan Stanley provided the debt
EQ Office has secured a $570 million loan from Morgan Stanley to refinance 65 East 55th Street, according to TRD. The Park Avenue Tower spans 625,000 square feet, and recently underwent a $25 million renovation.
Flashback: The firm paid $750 million for the office tower in 2014… At the time of the acquisition, the Blackstone subsidiary received a $560 million loan of which $425 million was securitized.
Worth Noting: The CMBS portion of the loan was paid off earlier this month.