Naftali lands $675M JPMorgan loan to buy Spitzer’s 800 Fifth Ave

Miki Naftali took one step closer to realizing his ambitious plans on Fifth Avenue The developer landed a $675 million loan from JPMorgan to close his purchase of the 33-story 800 Fifth Avenue rental building from Eliot Spitzer and the Winter Organization, sources told The Real Deal. “The acquisition of 800 Fifth Avenue reflects our mission to invest strategically and thoughtfully in New York’s real estate market,” a spokesperson for the Naftali Group wrote in an email. “We look forward to sharing our vision for the contextual redevelopment of this site with the community in the coming months.” Naftali agreed […]This article originally appeared on The Real Deal. Click here to read the full story.