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$195M Financing for Midtown Manhattan Office Building
M&T Bank and Natixis co-arranged a $195 million senior loan secured by a 347,694-square-foot, Class A office building at 55 West 46th Street in the heart of Midtown Manhattan, known as Tower 46. The property is owned by SL Green Realty Corp. and PGIM, Inc.
Proceeds of the loan will provide capital to complete the lease up of the building. Tower 46 was developed in 2013, and acquired by SL Green and PGIM in 2014. It is one of the newest Class A office buildings in Midtown Manhattan.
The property consists of a commercial condo unit comprised of the top 13 floors (22-34) of the building, with a dedicated entrance on 46th Street, along with the entire second floor, the lower level fitness center, parking garage and the ground floor retail suite along West 46th Street.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing