3 Bryant Park
Manhattan, NY
Address:
3 Bryant Park
Market:
New York City - Manhattan
Building Size:
1,175,000
Asset Class:
Office
Status:
Loan Advisory - Completed
Property Description
3 Bryant Park is a 41-story Class A office tower located in Midtown Manhattan near Grand Central Terminal. Ocean West was engaged to represent the Mezzanine Lender, who had been approached by the Borrower regarding a discounted payoff ahead of their upcoming loan maturity. Ocean West provided the Mezzanine Lender with full market analyses, in-depth property valuations, and strategic recommendations on how to maximize recoveries. In the end, Ocean West negotiated a full payoff of the outstanding loan balance at maturity.