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Deutsche Bank And Wells Fargo Provide $1.1 Billion Refinance Loan To Related Companies In Manhattan

Property Image
FINANCED
$1,100,000,000
Rob Turner
Grant Frankel
+ 2

New York

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Mixed-use
Financed
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Property Image
FINANCED

Deutsche Bank And Wells Fargo Provide $1.1 Billion Refinance Loan To Related Companies In Manhattan

10 Columbus Circle

See Similar Deals
Mixed-use
Financed
Rob Turner
Grant Frankel
+ 2
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan

The property involved in this transaction is a mixed-use asset located at 10 Columbus Circle in Manhattan. The loan amount secured for this property is $1,100,000,000, and it is categorized as a refinance loan.

Summary of transaction details:

The transaction involves notable financial institutions acting as lenders, specifically Deutsche Bank and Wells Fargo, indicating the scale of the financing. Related Companies is the landlord managing the asset, with representation provided by a team of brokers from Eastdil Secured, led by Gary Phillips and Will Silverman, along with Rob Turner, Drew Ahlers, and Grant Frankel.

Players

Drew Ahlers
14 deals$7.6B volume
BROKER

Gary Phillips
Eastdil Secured
91 deals$35.6B volume
BROKER

Grant Frankel
Eastdil Secured
34 deals$15.2B volume
BROKER

Will Silverman
Eastdil Secured
74 deals$28.8B volume
BROKER

Rob Turner
Eastdil Secured
27 deals$11.4B volume
BROKER

Eastdil Secured
BROKERAGE



Details

FINANCED
IMAGE: Gary Phillips, Will Silverman, Rob Turner, Drew Ahlers & Grant Frankel DATE: 10/21/2025 ADDRESS: 10 Columbus Circle MARKET: Manhattan ASSET TYPE: Mixed-use LENDER: Deutsche Bank (@DeutscheBank) & Wells Fargo (@WellsFargo) LANDLORD: Related Companies (@RelatedCos) LANDLORD'S REP: Gary Phillips (@Garyty123), Will Silverman, Rob Turner, Drew Ahlers, & Grant Frankel - Eastdil Secured (@EastdilSecured) LOAN AMOUNT: $1,100,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,100,000,000.00

Monthly NOI$7,333,333.33
Monthly Debt Service$6,952,748.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00