Sub Markets

Property Sectors

Topics

New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New York & Tri-State  + Downtown New York  + Office  | 

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

Read More News Stories About: PGIM
Connect

Inside The Story

Connect With PGIM Re FinanceConnect With Singer & Bassuk’s Singer

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
New call-to-action