Financing
Samson Management lands Refi for 110 Fifth Avenue
New York Community Bank provided $109 million in debt to Samson and its partner Rabina Properties
Published on
Samson Management and Rabina Properties have secured a $109 million loan from New York Community Bank to refinance 110 Fifth Avenue, according to CO. The FiDi office building spans 176,000 SF, and is fully leased.
Financing details: The five-year, fixed rate loan refinances roughly $94.3 million in debt provided by the same lender in 2014. It also includes a $14.7 million gap mortgage.
Worth Noting: Office tenants include H&M (50,000 SF) and Real Capital Analytics (16,300 SF). BuzzFeed occupies 11,000 SF at the base of the building for its new retail toy store concept. (CO+TRD)
