Northwood lands $150M loan to refinance FiDi office tower

Metropolitan Life Insurance Company is the lender at 100 Broadway

TRD New York /
Sep.September 22, 2017 10:25 AM

John Kukral and 100 Broadway (Credit: Northwood)

Northwood Investors refinanced its Financial District office tower 100 Broadway with a $150 million loan from the Metropolitan Life Insurance Company.

The new mortgage replaces a $130 million loan from Canadian Imperial Bank of Commerce, Real Estate Weekly reported.

Northwood, founded by Blackstone veteran John Kukral, bought the 380,000-square-foot, 24-story tower for $150 million in 2013 from Madison Capital and Meadow Partners. Tenants include IA Interior Architects, Tommy John and MM.LaFleur.

Northwood sold the Palace Hotel in 2015 to South Korean firm Lotte Group for $805 million. It purchased the hotel for $400 million in 2011 and spent about $160 million renovating the property. [REW]Konrad Putzier

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