Clarion Partners and MHP Real Estate Services landed a $372 million loan package on an office building in the Financial District.
ING Capital provided the debt, which includes a nearly $334 million refinanced loan and a $37.8 million building and project mortgage for the property, according to records filed with the city Thursday.
Eastdil Secured brokered the deal, which has a five-year term, according to a source with knowledge of the transaction. The refinancing stemmed from a repositioning of the 90 percent-leased property, the source added.
ING, Clarion and MHP did not immediately return requests for comment.
Clarion and MHP bought the 41-story office building, located near Front and Pine streets, for $470 million in 2015. Blackstone Group financed the purchase with a $247.5 million loan, records show.
In a separate deal last July, ING provided one of the largest loans in Manhattan for the month. That was a $145 million refinance for Vornado Realty Trust’s and the Albanese Organization’s office building at 512 West 22nd Street near the High Line.
And another venture with MHP inked one of the largest investment sales of 2019. MHP, with partners HNA Group and ATCO Properties & Management, took a loss on 850 Third Avenue, which they sold to Jacob Chetrit for $422 million.