Published On: Mon, Nov 2nd, 2015

Brookfield Lands $600 Millio Loan from Four Insurance Giants

250-vesey-st-at-brookfield-place

 

A group of life insurance lenders including MetLife, New York Life Insurance Company, Prudential Financial and AXA Equitable Life Insurance Company provided a $600 million loan to refinance Brookfield Property Partners’ office tower at 250 Vesey Street, records filed with the city show.

The new loan, which closed on on Oct. 23, replaces and nearly doubles $325 million in financing that Deutsche Bank provided to the borrower last year. With the new financing, Brookfield was able to secure an additional $275 million in debt, the loan documents show.

Read the full story at Commercial Observer, by Danielle Balbi 

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