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New York

ABS lands $100M refi for 915 Broadway

MetLife loan replaces $60M JPMorgan mortgage

915 Broadway in Flatiron
915 Broadway in Flatiron

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.

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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.

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ABS PartnersMetlife