{"id":1004503339,"date":"2021-01-11T04:48:10","date_gmt":"2021-01-11T12:48:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004503339"},"modified":"2021-01-11T06:01:11","modified_gmt":"2021-01-11T14:01:11","slug":"bernstein-real-estate-obtains-60m-refi-for-nyc-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bernstein-real-estate-obtains-60m-refi-for-nyc-asset\/","title":{"rendered":"Bernstein Real Estate Obtains $60M Refi for NYC Asset"},"content":{"rendered":"<div id=\"attachment_1004503387\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/216-E.-45th-St-e1610366832952.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004503387\" data-attachment-id=\"1004503387\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bernstein-real-estate-obtains-60m-refi-for-nyc-asset\/216-e-45th-st\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/216-E.-45th-St-e1610366832952.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"216 E. 45th St\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;216 E. 45th St&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/216-E.-45th-St-e1610366832952.jpg?w=640\" class=\"wp-image-1004503387 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/216-E.-45th-St-e1610366832952.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/216-E.-45th-St-e1610366832952.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/216-E.-45th-St-e1610366832952.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004503387\" class=\"wp-caption-text\">216 E. 45th St<\/p><\/div>\n<p>Bernstein Real Estate has received a $60 million loan to refinance a 175,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/jll-to-lease-revived-office-building-in-midtown-manhattan\/\">office building in New York City<\/a>. Meridian Capital Group worked with a regional lender to arrange the five-year loan, with a fixed rate of 3.5 percent and one five-year rollover option. According to CommercialEdge data,&nbsp;Bernstein acquired the asset in 2008, for $60 million.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/cmbs-performance-stable-for-now-kbra\/\">CMBS Performance Stable For Now: KBRA<\/a><\/p>\n<hr>\n<p>Built in 1928 and renovated in 2004, the 17-story property features 9,000 square feet of retail. Notable tenants include LIM College, TransPerfect and AT&amp;T.<\/p>\n<p>Located at 216 E. 45th&nbsp;St. in Midtown East, the property is within 13 miles of&nbsp;John F. Kennedy International Airport. The surrounding area benefits from several public transportation options, including the 4, 5, 6, 7, and S subway lines, as well as the Metro North at Grand Central.<\/p>\n<p>Meridian&#8217;s financing team included Managing Director Allan Lieberman, Senior Managing Director Rael Gervis and Vice President Eli Finkel. In August 2020, <a href=\"https:\/\/www.commercialsearch.com\/news\/philly-office-project-lands-187m-construction-loan\/\">Meridian arranged $187 million in financing<\/a> for the development of&nbsp;a Class A office tower in Philadelphia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> Meridian Capital Group worked with a regional lender to arrange the five-year loan.<\/p>\n","protected":false},"author":868,"featured_media":1004503387,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1600,21742,10,21747],"tags":[38102,33375,45179],"class_list":["post-1004503339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-new-york","category-latest","category-northeast","category-office","tag-att","tag-meridian-capital-group","tag-rael-gervis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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