Solow’s debt -- a $400 million interest-only loan on the building and another $100 million on the land beneath it -- matures in February, the newsletter reported, without saying where it got its information. Lenders have been approached by brokers seeking 10-year fixed-rate debt on the property, according to Commercial Mortgage Alert.
It’s not clear whether the brokers are working on Solow’s behalf or independently, the newsletter said.
The 50-story, 1.6 million-square-foot (149,000-square- meter) tower commands some of Manhattan’s highest rents, particularly for higher floors that have unobstructed views of the park. Tenants include the private-equity firm KKR & Co. (KKR), Och-Ziff Capital Management Group LLC (OZM), and luxury-goods maker Chanel SA, according to the newsletter.
A telephone message left with a receptionist at Solow Building Co., Solow’s firm, wasn’t immediately returned.
To contact the reporter on this story: David M. Levitt in New York at dlevitt@bloomberg.net
To contact the editor responsible for this story: Kara Wetzel at kwetzel@bloomberg.net
http://www.bloomberg.com/news/2011-12-09/solow-may-be-seeking-to-finance-9-w-57th-commercial-mortgage-alert-says.html
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