Ivanhoé Cambridge secured a $1.13 billion refinancing for its 3 Bryant Park office tower in New York, with Wells Fargo, Bank of America, and Bank of Montreal providing the loan. The deal replaces an existing CMBS loan of the same amount. This financing is crucial for the Canadian investor, which has nearly $5 billion in loans maturing this year. Ivanhoé Cambridge, part of Quebec’s $300 billion pension fund, has made major acquisitions in the U.S. over the past decade. Now, it faces the challenge of refinancing other large loans, including $1 billion for 1211 Sixth Avenue and $2.7 billion for Stuyvesant Town.
Ivanhoé Cambridge
