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Trio of Midtown South Office Properties Gets Refinanced

NEW YORK CITY— Newmark Holdings has closed a $120-million loan transaction for a three-building, 390,000-square-foot office portfolio. The properties…

2-10 Astor Place The portfolio, which includes 2-10 Astor Place, is over 93% leased with a roster of prominent tenants.

NEW YORK CITY— Newmark Holdings has closed a $120-million loan transaction for a three-building, 390,000-square-foot office portfolio. The properties include 740 Broadway, 2-20 Astor Place and 440 Lafayette. The lenders were BNY Mellon and TD Bank.

“We spoke with various lenders about this refinancing that included other banks, pension funds and insurance companies, but the superior terms that BNY Mellon and TD offered combined with the strong relationship and certainty of execution ultimately made the decision very easy, says co-principal Eric Gural.

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Rayna Katz

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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