UPDATED, Sep. 23, 9:41 a.m.: ABS Partners Real Estate refinanced its Flatiron District office building at 915 Broadway with a $100 million loan from insurer MetLife, property records filed with the city Tuesday show.
The new financing will replace an existing $60 million mortgage from JPMorgan Chase [TRDataCustom] and includes a $40 million gap mortgage. ABS held a 15-percent stake in the 20-story, 265,000-square-foot building since 1981, and paid $130 million in 2012 to take full control of the property.
Altman Warwick brokered the loan.
Tenants in the building include furniture store Ethan Allen and fund manager Union Square Ventures.
Earlier this week, The Real Deal reported that ABS signed a contract to buy Midtown’s Hammacher Schlemmer building for $63 million.