Core Insights - GreenBarn Investment Group and Sabal Investment Holdings announced a partnership for the refinancing of 817 Broadway, involving a $37.5 million mezzanine loan and a $91 million senior mortgage from Ares Real Estate funds [1][4] Company Overview - 817 Broadway is a 14-story, 140,000-square-foot Class A office building located in Greenwich Village, developed by Taconic Partners. The building has undergone extensive renovations while preserving its historic character [2][3] - The property is fully leased and serves as a hub for various leading firms, including Union Square Partners and Unity Technologies, and features a notable Italian restaurant, Leon's [3] Investment Strategy - GreenBarn's investment strategy focuses on identifying best-in-class assets that provide attractive risk-adjusted returns, with a strong demand for high-quality office space in the area [4] - Taconic Partners expressed confidence in the New York City office market and aims to expand its portfolio through strategic refinancing [4][6] - Sabal Investment Holdings targets high-quality debt and preferred equity investments in prime markets, maintaining confidence in the long-term strength of New York City's office market [4][5] Market Context - Ares Management Corporation, with over $572 billion in assets under management as of June 30, 2025, plays a significant role in providing flexible capital across various asset classes, including real estate [8]