May
05
Paramount Gets New Loan for Midtown Manhattan Office Tower
ByParamount Group Inc. has completed the refinancing of 31 W. 52nd St. with the help of Eastdil Secured.
31 W. 52nd St., New York
New York—Just months after buying out its joint venture partner in 31 W. 52nd St. in Midtown Manhattan, Paramount Group Inc. has completed a $500 million refinancing of the 786,647-square-foot, Class A office building.
The new 10-year loan is interest only with a 3.80 percent fixed rate. It was arranged with AXA Equitable Life Insurance Co., through its advisor Quadrant Real Estate Advisors LLC, and Metropolitan Life Insurance Co. Eastdil Secured LLC secured the financing for Paramount…
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