RFR Holding is nearing a deal to refinance its Seagram Building in Midtown Manhattan for $1.2 billion, according to a report from Bloomberg.
A CMBS is being floated to investors in seven distinct portions, or tranches, the news outlet said. They would have the highest AAA ratings assigned by Fitch Ratings, and Kroll Bond Rating Agency. Morgan Stanley would be the lead bank on the deal.
A Kroll report citing an appraisal from Newmark found that the Seagram Building was valued at about $1.83 billion in January.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
