Rockwood nabs $262M refinancing on Midtown office tower

Rockwood Capital secured a $262.6 million refinancing of its 44-story Midtown office building at 2 Grand Central Tower.  The loan replaces the previous $260 million loan on the property made in 2018. Both loans were provided by insurance company MetLife, according to property records. In 2015, Rockwood obtained a loan for $200 million from JPMorgan. PincusCo first reported the news.    This refinancing comes as Rockwood is trying to sell the 667,000-square-foot property, seeking a sale price upwards of $270 million. That is a sharp decrease from the last time the private equity investor tried to sell the property; in February […]This article originally appeared on The Real Deal. Click here to read the full story.