Bromley Companies reeled in a refi for its Flatiron District office building, home to a roster of tech tenants. A joint venture between Helaba Bank and DekaBank provided the $163 million fixed-rate, interest-only loan for 122 Fifth Avenue, according to Walker & Dunlop. The fresh financing replaces a $170 million loan from real estate finance and investment management firm PCCP. A Walker & Dunlop team including Aaron Appel, Jonathan Schwartz and Keith Kurland arranged the loan on behalf of the landlord. The refinancing follows a $107 million capital improvement program that transformed the landmarked 278,000-square-foot property into a loft-style Class […]
This article originally appeared on The Real Deal. Click here to read the full story.