A partnership between Tribeca Investment Group, Meadow Partners and PGIM Real Estate has secured a $150M financing package for the renovation of 295 Fifth Ave.
Deutsche Pfandbriefbank provided the loan in a transaction arranged by Newmark. The Newmark team was led by Vice Chairmen Dustin Stolly and Jordan Roeschlaub, together with Senior Managing Directors Christopher Kramer and Nick Scribani, Director Ben Kroll and Finance Analyst Holden Witkoff.
The partners acquired the century-old landmark in Manhattan's Midtown South neighborhood in 2019 in a $375M acquisition that included a 99-year ground lease.
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