Rithm Capital nears first major transaction since Paramount buy
Rithm Capital is lining up its first sizable deal connected to the office portfolio it acquired in its deal for Paramount Group. Rithm is nearing the landing of a $282.5 million refinancing loan at 1325 Sixth Avenue led by JPMorgan Chase, according to Bisnow, as disclosed in a KBRA report. The deal would represent the first large capital markets transaction since taking control of Paramount. Under the deal, Rithm will repay a $250 million balance sheet loan. The fresh debt will also cover $14.7 million in rent concessions and $10.6 million in tenant improvements and closing costs. Rithm will contribute […]
This article originally appeared on The Real Deal. Click here to read the full story.
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