Rudin gets $415M refi for 3 Times Square makeover – Robert Khodadadian

The Rudin family secured a major financing deal for its renovation of 3 Times Square. A group of lenders led by JPMorgan provided the $415 million refinancing, which Rudin Management will use to continue renovating the 30-story, 885,000-square-foot Midtown office tower, which it co-owns with Thomson Reuters. The New York Post was first to report the deal. Bank of America and M&T Bank also took positions in the three-year, floating-rate loan, which comes with options

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, Manhattan, midtown manhattan, Real Estate Loans, refinancing, Rudin Management The Real Deal New York Read More