Chetrit Group just bagged a $152M refi for historic FiDi office building

Financing package at 65 Broadway comes from CCRE

Apr.April 10, 2019 05:00 PM
65 Broadway

65 Broadway

Don’t leave home without your financing, Joe. The Chetrit Group just landed a $152 million refinancing package on the American Express building at 65 Broadway, the real estate firm confirmed on Wednesday.

CCRE provided Chetrit and its partner Read Property Group with the refinancing package, and a team from Galaxy Capital brokered the deal. About a quarter of the debt package is CMBS.

Representatives from Galaxy declined to comment. CCRE did not immediately respond to a request for comment.

The refinancing comes amid a series of exits at various joint-venture holdings for the Chetrit Group.

Clipper Equity recently bought out the Joseph Chetrit-led firm at their massive Greenpoint project at 77 Commercial Street. The firm also recently sold its stake at 9 Dekalb Avenue in Brooklyn to Michael Stern’s JDS Development for about $60 million and its stakes at 101 Lincoln Avenue and 2401 Third Avenue in the South Bronx to Brookfield Property Partners for $165 million.

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