Brookfield refinances 225 Liberty Street with $800M CMBS loan, injects $173M equity

A four-bank syndicate including Citi Real Estate Funding, JPMorgan Chase, Wells Fargo, and Bank of Nova Scotia originated an $800 million CMBS loan for Brookfield's 225 Liberty Street, a 2.4 million-square-foot, 44-story office tower at Brookfield Place in Lower Manhattan. The new fixed-rate loan (just under 5.9% for five years) replaced a $900 million CMBS loan from 2016, requiring Brookfield to inject approximately $173 million of fresh equity. The property is appraised at $1.3 billion and was approximately 90% leased as of November 2025, with Brookfield Properties itself as the largest tenant at over 535,000 square feet.