Rudin eyes $350M recapitalization for 845 Third Ave 
Rudin’s Midtown East conversion is getting a shot in the arm, courtesy of both a construction loan and the arrival of an equity partner. The developer is nearing a $350 million recapitalization of 845 Third Avenue, the Commercial Observer reported. The financing will aid the conversion process, for which Rudin filed plans with the city a couple of months ago. BDT & MSD Partners are set to provide a $250 million construction loan to Rudin. Newmark’s Jordan Roeschlaub and Nick Scribani negotiated the loan. Additionally, Idan Ofer’s Quantum Pacific paid $80 million for a stake in the project, first reported […]
This article originally appeared on The Real Deal. Click here to read the full story.
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