AIG Global RE lends $160m on Fifth Avenue offices

4 March 2016

The Moinian Group and Thor Equities have secured a $160 million loan for an office building they own on Fifth Avenue in NoMad. Secured from AIG Global Real Estate, the instrument is for seven years and carries a three-year term with interest-only payments at a fixed rate of 3.99 percent. The partners bought out Goldman Sachs’ interest of the 24-story, 307,418 square-foot office building at the corner of East 28th Street in 2011 for $162 million.

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