PITTSBURGH — CBRE Capital Markets has arranged a $47 million loan for the refinancing of Two Chatham Center, a 16-story, Class A office tower located at 115 Washington Place in Pittsburgh. The property also includes a 6-story parking garage. The office building is 85 percent occupied, with a tenant roster that includes The University of Pittsburgh Medical Center, Travelers, Access Data Corp., The National Labor Relations Board and the U.S. Secret Service. The loan carries a 7-year term with a 30-year amortization, a competitive spread over the 7-year U.S. Treasury Security and a 60 percent loan-to-value ratio. Financing was arranged by Keith Braddish and Jason Gaccione of CBRE’s New York City office, and Jamie Shafer and Chris Sheedy of the firm’s Pittsburgh office.
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