With huge refi, Moinian to take complete control of 3 Columbus Circle

Moinian Group has closed on refinancing deal that will allow it to take full ownership of 3 Columbus Circle. The developer and investor landed a $595 million deal with JP Morgan and Deutsche Bank, Commercial Observer reported. The 10-year loan will carry a 3.91 percent interest rate. Moinian will use the financing to buy out Young & Rubicam, which owns a six-story office condominium at the building, the report said. Moinian will pay $266 million […]

source https://therealdeal.com/2019/03/13/with-huge-refi-moinian-to-take-complete-control-of-3-columbus-circle/

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