Dechert Advises Bank Syndicate Led by J.P. Morgan on U.S. $2.85 Billion CMBS Loan for Landmark NYC Tower
February 05, 2025
February 05, 2025
PHILADELPHIA, Pennsylvania, Feb. 5 -- Dechert, a law firm, issued the following news:
Dechert advised J.P. Morgan Chase Bank and co-lenders Bank of America, Wells Fargo and Goldman Sachs on the successful refinancing of The Spiral, a new trophy office tower in New York City.
The US$2.85 billion CMBS loan marks the first major single-asset, single-borrower (SASB) deal of its kind in 2025, a year analysts predict will be a banner year for SASB issuance.
Deche . . .
Dechert advised J.P. Morgan Chase Bank and co-lenders Bank of America, Wells Fargo and Goldman Sachs on the successful refinancing of The Spiral, a new trophy office tower in New York City.
The US$2.85 billion CMBS loan marks the first major single-asset, single-borrower (SASB) deal of its kind in 2025, a year analysts predict will be a banner year for SASB issuance.
Deche . . .