Savanna seemed to be running out of options on 5 Bryant Park, but has pulled out a major refinancing of the Midtown office tower. The company secured $510 million to refinance the 683,000-square-foot office building, the Commercial Observer reported. King Street Capital Management and Blue Owl Capital originated the floating-rate loan. An Eastdil Secured team including Rob Turner, Grant Frankel and Ethan Pond arranged the deal, which was first reported last month by PERE Credit. The refinancing retires a $463 million commercial mortgage-backed securities loan.  The real estate investment firm previously missed a required balloon payment on the debt, which […]

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