Howard Hughes Corp Secures $115M Refinance Loan For Development Site On Water St, Manhattan

The Howard Hughes Corporation secured a refinancing loan valued at $115 million for the development building at 250 Water Street in the Financial District, Manhattan. The loan was obtained from Mizuho Bank, facilitated by Mizuho Capital Markets LLC. The property is a development site with a building square footage (BSF) of 52,834. The address of the property is 250 Water Street, located in the Financial District, Manhattan.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $115,000,000
• Date: 09/07/2023
• Market: Financial District, Manhattan
• Asset Type: Development Site
• BSF: 52,834
• Lender: Mirza Kafedzic - Mizuho Bank
• Landlord: Carlos A. Olea - Howard Hughes Corporation

The refinancing loan for the development building at 250 Water Street was secured by The Howard Hughes Corporation, represented by 250 Seaport District, LLC. The loan was facilitated by Mizuho Bank, with Mirza Kafedzic serving as the lender. Carlos A. Olea, representing the Howard Hughes Corporation, acted as the landlord in this transaction.