Himmel + Meringoff get $60M loan for 729 Seventh Avenue

Loan comes from Signature Bank

TRD New York /
Mar.March 29, 2018 03:45 PM

729 Seventh Avenue and Stephen Meringoff (Credit: Getty Images and Himmel + Meringoff Properties)

Signature Bank has issued a $60 million loan to Himmel + Meringoff Properties for a refinancing of 729 Seventh Avenue.

The 12-year loan has a 4.25 percent fixed rate, and the financing was arranged by Meridian Capital Group, according to the Commercial Observer. The money will be for the office section of the building.

The mixed-use building between West 48th and 49th streets stands 17 stories tall and has more than 164,000 square feet of office space, with tenants including Columbia University, Playbill and the Actors Fund. MdeAS Architects recently renovated the lobby to give it a new expanded entryway and accents of glass, marble and steel.

In September, Signature Bank loaned Meringoff Properties $85 million for its office building at 401 Park Avenue South. [CO]Eddie Small


Related Articles

arrow_forward_ios

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

An example of roll-off waste management (Credit: YouTube, iStock)

Big building owners prevent city from dumping container-pickup in trash-collection reform

Joel Schreiber (Credit: Shir Stein and Wikipedia)

WeWork’s first investor used his stock as collateral. Now his lenders are suing him

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

163 North 6th Street and the Tel Aviv Stock Exchange Bull (Credit: Google Maps, Wikipedia)

Joel Gluck’s Israeli bond issuance falls through as Williamsburg rental project faces financing crunch

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

arrow_forward_ios