Rithm Capital secured a $515 million in fixed-rate financing for 31 West 52nd Street, a 785,000-square-foot Class A office tower across from the Museum of Modern Art. The financing package, arranged by Newmark Group and led by Wells Fargo, is made up of a $415 million senior mortgage, a $40 million B-note and a $60 million mezzanine loan. Newmark served as financial adviser on Rithm's $1.6 billion purchase of the broader Paramount office portfolio, and the refinancing supports Rithm's long-term business plan for one of that portfolio's premier New York City assets.
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