NEW YORK CITY-Meridian Capital Group reports it has successfully negotiated the $55-million refinancing of Five Columbus Circle here.
The deal was done on behalf of building owner 1790 Broadway Associates, LLC, an entity controlled by the Ionian Group and The Red Apple Group. The senior loan was provided by a national balance sheet lender and features a 10-year term with full-term interest-only payments and a 3.45% interest rate.
The 21-story, 225,700 square foot Five Columbus Circle office building located at 1790 Broadway features 8,700 square feet of street level retail. Currently, the property is 96.5% occupied with notable tenants including Columbia Artists Management, Columbia University, and Fordham University. HSBC occupies space in the retail portion of the building.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
