Brookfield and Swig land $1.3B refi of Grace Building

Brookfield Property Partners and Swig Company has secured a $1.3 billion CMBS loan on their 49-story Grace Building in Midtown. Bank of America, JPMorgan Chase, Credit Suisse and Deutsche Bank originated the 10-year refinance on the tower at 1114 Sixth Avenue, according to Commercial Observer. Bank of America and JPMorgan each took about 30 percent, while Credit Suisse and Deutsche Bank each took 20 percent, according to the report. The fixed-rate, interest-only loan was marked

source https://therealdeal.com/2020/11/05/brookfield-and-swig-land-1-3b-refi-of-grace-building/