JOURNAL ARTICLE

Seagram Building In New York City Is Being Refinanced In $1.2 Billion Bond Deal.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Carpenter, Scott 3 of 3

Abstract

The Seagram Building in New York City is undergoing a $1.2 billion refinancing deal led by real estate investment firm RFR Holding. The commercial mortgage-backed security (CMBS) is being divided into seven tranches, with the highest rated AAA by Kroll Bond Rating Agency and Fitch Ratings. The proceeds from the CMBS will be used to repay debt taken out against the property, including a mezzanine loan from JVP Management. The building, designed by architect Ludwig Mies van der Rohe in 1958, is valued at $1.825 billion and houses top tenants such as Blue Owl, Centerbridge Partners, TIAA of America, Advent International, and Arbor Realty Trust. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/02, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:183029545
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