We are advising Wilhelm von Finck on the refinancing

Davis Polk advised affiliates of Wilhelm von Finck in obtaining $250 million in mortgage loan financing provided by Deutsche Pfandbriefbank AG and Credit Suisse AG secured by a mortgage on the property at 745 Fifth Avenue, New York, New York (which is owned in part by Paramount Group, Inc.), which closed on September 2, 2020. The proceeds were used in part to repay the existing loan on the property.

Wilhelm von Finck is one of the principal stockholders of Paramount Group, Inc. and an owner of class “A” Manhattan office properties with fundamental or intrinsic long-term value. His USA portfolio includes three Manhattan commercial properties worth approximately $1.5 billion, totaling over 1.1 million square feet and with a varied office and retail tenant roster including Bergdorf Goodman, Henri Bendel and Harry Winston. He is also the owner of substantial European real estate assets.   

Paramount Group, Inc. is an owner, operator and manager of Class “A” office properties, including buildings in New York City, Washington DC and San Francisco.

The Davis Polk real estate team included partner Michael J. Rishty, counsel Susan D. Kennedy and associate Gregory D. Crane. All members of the Davis Polk team are based in the New York office.   

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