A partnership led by the New York-based Aini family acquired a 12-story office property at 145 West 45th Street with a $40 million loan from New York Community Bank, Commercial Observer has learned.
The new owners acquired the property from Queens-based Samson Management for an undisclosed price, according to a person familiar with the transaction.
Samson purchased the building from Extell Development Company in July 2011 as part of a larger portfolio buy for $125.2 million, city records show.
The five-year acquisition loan, arranged by Meridian Capital Group, carries a fixed-rate of 3.5 percent with interest-only payments for the full term, according to the broker. Meridian Senior Managing Director Rael Gervis and Senior Vice President David Hayum negotiated the deal.
“Meridian leveraged our long-standing relationship with the lender to obtain full-term interest-only financing which frees up a substantial amount of cash flow, giving our client flexibility to reposition the building,” Mr. Hayum said. He declined to speak about the acquisition.
The office property, located next to Times Square, totals 90,000 square feet. The Aini family owns several additional properties throughout the city, including the Refinery Hotel in Midtown.
The buyers could not be reached for comment.