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PGIM RE Finance Provides Refi on Resnick’s 315 Hudson
PGIM Real Estate Finance has provided a $200-million refinancing loan to Jack Resnick & Sons for 315 Hudson St. in Hudson Square. The 315 Hudson loan marks the second PGIM Real Estate Finance refi of a Resnick office property in Hudson Square. The first was a $115-million refinancing of 250 Hudson St. in May 2018.
“Jack Resnick & Sons is a long-term client of ours and was one of the first to recognize Hudson Square’s potential as a magnet for creative firms,” said Scott Singer, president of the Singer & Bassuk Organization, which brokered the deal on Resnick’s behalf. “This refinancing is a reflection of the quality of the redevelopment and the extremely successful leasing program at 315 Hudson St.”
The 10-year, fixed-rate loan will be used to refinance existing debt and fund the remaining costs of a renovation program. Renovations are scheduled for completion later this year.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
