CBRE Capital Markets’ Debt & Structured Finance team has secured $32.5 million in financing for the refinance of 380 Lafayette, a 45,678-square-foot office property in the NoHo section of Manhattan.

Jason Gaccione, senior vice president, and Kyle Baldwin, senior production analyst, of CBRE’s Midtown Manhattan office facilitated the loan on behalf of the borrower. The 10-year, full-term interest-only loan was provided by CCRE.

380 Lafayette is five-story loft office condominium located on the northwest corner of Great Jones Street and Lafayette Street, in the Midtown South section of Manhattan. The property’s highly desirable location is in proximity to Astor Place, Bleecker Street, and New York University. As a fully modernized loft office asset, the property features high ceilings, large windows, open floor plans, and superior finishes. At closing, the property was fully occupied under a long-term lease commitment.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.