Newmark Group has arranged $515 million in fixed-rate financing on behalf of Rithm Capital for 31 West 52nd St., a 785,000-square-foot class A office tower in Midtown Manhattan’s Plaza District.
Jordan Roeschlaub, co-head of global debt and structured finance; Adam Spies, co-head of U.S. capital markets; Adam Doneger, executive vice chairman; and Nick Scribani, vice chairman, arranged the financing on behalf of Rithm Capital. Tim Polglase, director; Dan Axelson, associate director; and Jack Fenton, analyst, also provided strategic support on the refinancing.
The financing package, led by Wells Fargo, consists of a $415 million senior mortgage, a $40 million B-note and a $60 million mezzanine loan. The lending group also includes Bank of America, Barclays, Citi, Goldman Sachs and JPMorgan.
The refinancing follows Rithm Capital’s acquisition of the broader Paramount office
