There’s a refinancing boom spreading across the property market in New York City and Eyal Ofer is not one to miss the wave. The billionaire found a way to land fresh capital for one of his Manhattan buildings for at least the third time in a matter of months.
Ofer’s Global Holdings Management Group scored a $190 million loan to refinance Anagram Columbus Circle at 1 West 60th Street, Bloomberg reported. The 26-story luxury building on the Upper West Side features 123 units.
JPMorgan Chase and Sumitomo Mitsui Trust Bank provided the debt to Global Holdings. In a statement, Ofer said the deal “reflects the continued confidence in Anagram Columbus Circle and the enduring strength of the Anagram portfolio.”
A JLL team led by Christopher Peck, Peter Rotchford and Rob Hinckley arranged the loan.
This isn’t Ofer’s first residential refinancing of the year. In fact, it’s been mere days since Ofer refinanced a Manhattan property.
Late last month, Global Holdings and its partners refinanced a Netflix-leased Union Square office building to the tune of $130 million. DekaBank and Crédit Agricole provided the financing for 888 Broadway
In July, Global Holdings sealed a $249.2 million loan for Anagram NoMad. Wells Fargo originated the Freddie Mac-backed loan for 10 East 29th Street.
That month, the firm invested $33 million in 450 Union Street, a 158-unit development along the Gowanus Canal in Brooklyn, where it’s partnering with MacArthur Holdings and Tankhouse to relabel the project Anagram Gowanus.
On the office leasing front, Ofer is also scoring victories. At 99 Park Avenue, Amalgamated Bank signed a 15-year lease for 94,000 square feet in the spring, shortly after 220,000 square feet of other deals unfolded at the sought-after property in Midtown Manhattan.
Global Holdings invested $30 million in capital improvements at the 1950s-era, 600,000-square-foot Art Deco building.
— Holden Walter-Warner
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