Brookfield, Qatar Investment Authority Refi 2 Manhattan West for $1.9B

Brookfield at the Qatar Investment Authority have secured a $1.9-billion refinancing for 2 Manhattan West, part of the Manhattan West mixed-use complex. The non-recourse mortgage comes with a10-year term and a coupon of 5.53%, or a 107-basis point spread. “This allowed us to repay the prior $1.5-billion mortgage and generate $400 million of net cash,...