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DTH Capital lands Refi for 70 Pine Street

70 Pine Street (Credit: 6sqft)

DTH Capital and Rose Associates have secured a $386 million loan from Goldman Sachs to refinance 70 Pine Street in FiDi. The developers spent $600 million converting the former headquarters of AIG into 612 luxury rentals and a 132-room hotel, according to TRD.

  • Financing details: The new mortgage replaces $375 million worth of debt provided by Bank of China + ING + Brookfield Asset Management in 2017. The floating-rate loan comes with a term of five years.
  • Flashback: DTH paid $205 million for the former 1 million SF office tower in 2011.

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