Deal sheet    Single Deal
768 Fifth Avenue|Financing|10/22/2008
  • Event Financing
  • Building Name Plaza Hotel
  • Address 768 Fifth Avenue
  • Borough Manhattan
  • Neighborhood Central Park South
  • Publication Date 12/01/2008
  • Deal Date 10/22/2008
  • Party 1 El-Ad Group, Kingdom Holding
  • Party 2 HSBC Bank, Transwestern Realty Finance Partners
A $260 million financing was provided to convert a construction loan for the hotel portion of the property into a long-term, permanent mortgage. The refinancing included a $40 million mezzanine loan provided by Transwestern Realty Finance Partners. 21-story mixed-use building.