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Brookfield refinances its New York residential tower

Brookfield Property Partners LP and the Qatar Investment Authority refinanced their 62-story residential tower, the Eugene, with a new $479 million loan from Bank of China Ltd., The Real Deal reported, citing property records filed with the city.

The loan will refinance the residential portions of the 3 Manhattan West skyscraper at 435 West 31st St. in New York. The deal includes $33 million in new financing.

The property has 844 apartments, 169 of which are affordable, with retail space on the lower four levels.

Brookfield and Qatar Investment Authority representatives did not immediately respond to requests for comment, and a representative for Bank of China could not be reached.