With Condé Nast’s old space re-leased, Durst lands $900M refi in Times Square

Just weeks after leasing up the final chunk of Condé Nast’s old space, the Durst Organization has sewed up a $900 million refinancing for 4 Times Square. The money comes from JPMorgan Chase and Wells Fargo, according to Commercial Observer. It recapitalizes the building at 4 Times Square after the maturation of $650 million in commercial mortgage-backed securities financing from UBS Bank. The new mortgage closed on April 8 and has a term of less […]

from The Real Deal New York http://bit.ly/2Pd0e64

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