Deutsche Bank Provides $321M for 575 Fifth Avenue


Beacon Capital Partners borrowed $321 million from Deutsche Bank to finance its stake in an office tower at 575 Fifth Avenue, according to city records.

SEE ALSO: TPG Refinances Beacon’s Stake in 575 Fifth Avenue With $309M Loan

The bank provided the real estate investment firm, which is headquartered in Boston, with a $271.1 million acquisition loan, a $37.3 million building loan and a $12.6 million project loan, the loan documents state.

Beacon purchased commercial condominium units in the 35-story office building, located between East 46th and East 47th Streets, from MetLife this August, for an undisclosed amount.

A representative for Beacon Capital did not immediately respond to press inquiries.