The Traderszone Network

Published in TZ Latest News 4 August, 2021 by The TZ Newswire Staff

Wells, Morgan Stanley to provide Paramount’s $860M refi at 1301 Sixth Avenue

Paramount Group has reeled in its big refi. An $860 million package — one of the largest since the pandemic — at 1301 Sixth Avenue will be provided by Wells Fargo and Morgan Stanley, the Commercial Observer reported. Tenants occupy just 71 percent of the office building’s 1.7 million square feet, although low interest rates have helped borrowers restructure debt rather than sell at distressed prices. Paramount’s $850 million of debt on the building was

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