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SL Green Realty Secures $423 Million Refinance Loan From Aareal Capital For 100 Park Avenue
FINANCED
$423,000,000
New York
See Similar DealsOffice778,203 SF
Financed 12/10/2024
FINANCED
SL Green Realty Secures $423 Million Refinance Loan From Aareal Capital For 100 Park Avenue
100 Park Avenue
See Similar DealsOffice778,203 SF
Financed 12/10/2024
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$543
Total Square Footage:778,203 SF
Transaction Type:Loan
The office building located at 100 Park Avenue in the Grand Central area of Manhattan spans a total of 778,203 square feet. The property has recently undergone a refinancing process, resulting in a loan amount of $423 million.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $423,000,000
- Loan Type: Refinance
- Lender: Doug Traynor - Aareal Capital Corporation
- Landlord: Marc Holliday & Andrew S. Levine - SL Green Realty
- Closing Date: December 5, 2024
Marc Holliday and Andrew S. Levine represent SL Green Realty in this refinancing deal, which was facilitated by Doug Traynor of Aareal Capital Corporation. The transaction underscores the ongoing financial activities surrounding the commercial real estate sector in Manhattan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$423,000,000.00
Monthly NOI$2,820,000.00
Monthly Debt Service$2,673,647.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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