Brookfield Properties obtains $201.6M gap loan at Manhattan West, for total property debt of $1.5B

Brookfield Properties through the entity BOP NE LLC as borrower signed a loan agreement with lenders Deutsche Bank, Citibank, Wells Fargo, Barclays Capital and JPMorgan Chase Bank valued at $1.5 billion for 1 parcel, including the tax class not available at 395 Ninth Avenue in Manhattan West. The deal closed on August 28, 2020 and was recorded on September 2, 2020.

This package adds $201.56 million in a gap loan.

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