Eyal Ofer lands $140M refi for 410 Park

HSBC is the lender on the Midtown office building

New York /
Dec.December 11, 2017 05:50 PM

410 Park Avenue and Eyal Ofer

Eyal Ofer’s Global Holdings refinanced 410 Park Avenue with a $140 million mortgage from HSBC, property records show.

The new loan replaces a $125 million mortgage from the same lender that was issued in 2013.

Global Holdings bought the 21-story, 250,000-square foot office building in 1995, according to its website. The building, located on the corner of East 55th Street, is home to a Ferrari store.

Last year, Global Holdings paid $565 million for The Office Tower 1250 Broadway. The firm financed the deal with a $330 million loan from HSBC.


Related Articles

arrow_forward_ios
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)
Real estate stocks push up this week as U.S.-China trade tensions ease
Real estate stocks push up this week as U.S.-China trade tensions ease
416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Landfill is first property targeted under “green amendment”
Landfill is first property targeted under “green amendment”
Landfill is first property targeted under “green amendment”
Andrew Scandalios, senior managing director, new york co-office head, JLL (JLL, Google Maps)
Gucci’s Soho location sold to offshore buyer for $130M
Gucci’s Soho location sold to offshore buyer for $130M
Rendering of Deermar Residences (BridgeCity Capital)
Park Slope luxury rental scores $55M bridge loan
Park Slope luxury rental scores $55M bridge loan
Pure co-founders Mike Catalano and Joe Polverari (PUREpm)
Single-family management platform Pure raises $50M
Single-family management platform Pure raises $50M
Rick Gropper, principal, Camber Property Group in front of 579 Blake Avenue in Brooklyn (Camber Property Group, LoopNet, iStock)
Camber Property Group buys East NY portfolio for $107.5M
Camber Property Group buys East NY portfolio for $107.5M
Hudson Realty Capital Co-founder David Loo and RXR Realty President Michael Maturo team up (HudsonCap, LinkedIn)
RXR launches joint venture with Hudson Realty Capital
RXR launches joint venture with Hudson Realty Capital
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...