160 Fifth secures $65M refi

German commercial real estate finance group Westdeutsche ImmobilienBank has closed on a five-year, $65 million refinance loan for 160 Fifth Avenue, a nine-story, 139,487-square-foot office building owned by RFR Holding. The loan on the LEED-certified building, which sits on the corner of 21st Street, was executed along with Buffalo, N.Y.-based M & T Bank. The building, which is currently 89-percent leased, was purchased by RFR in 2005. The landlord gut renovated the property between 2007 and 2009. Among 160 Fifth Avenue‘s tenants are the Simon Foundation, which occupies the building’s top four floors, and clothier Club Monaco, which is located in the building’s ground-floor retail space. TRD