Brookfield is reaching into its own pocket to refinance a piece of lower Manhattan’s crown jewels. The Canadian investment manager is nearing an $800 million CMBS loan for 225 Liberty Street, a 44-story, 2.4 million-square-foot office tower that’s part of Brookfield Place, Bisnow reported. Brookfield is contributing roughly $173 million of fresh equity to help refinance a $900 million CMBS loan that dates back to 2016 and comes due this week. The financing, originated by Citi Real Estate Funding, JPMorgan Chase, Bank of Nova Scotia and Wells Fargo, carries a fixed rate of just under 5.9 percent on a five-year […]

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