$53.5M refinancing loan secured for 1 Fawcett Place in Greenwich

By Phil Hall

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CBRE Capital Markets’ Debt & Structured Finance team has arranged for a $53.5 million loan that will be used to refinance the Greenwich Financial Center, a three-story, 81,000-square-foot Class A office property at 1 Fawcett Place in Greenwich.

According to CBRE, the loan was originated by LStar Capital, the credit affiliate of Lone Star Funds, and will be used to replace existing debt connected to the property. The loan is a sub 5 percent, 10-year, fixed-rate loan that will amortize on a 30-year schedule after two years of interest only payments.

Mark Fisher and Alex Furnary of CBRE’s Midtown Manhattan office coordinated the transaction on behalf of property owner/operator HB Nitkin Group, a Greenwich-based real estate investment, development and management firm.

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About the author

Phil Hall
Phil Hall is a former United Nations-based reporter for Fairchild Broadcast News, the author of seven books, the host of the SoundCloud podcast "The Online Movie Show" and a writer with credits in The New York Times, New York Daily News and Wired.

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