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Vornado Realty Trust Refinances Office Buildings In Chelsea & East Village For $3.2B With JPMorgan Chase Bank, BofA Securities, U.S. Bank, Wells Fargo Securities, Citigroup Global Markets, Deutsche Bank Securities & TD Securities

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FINANCED
$3,200,000,000

New York

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Office2,200,000 SF
Financed 07/06/2022
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Property Image
FINANCED

Vornado Realty Trust Refinances Office Buildings In Chelsea & East Village For $3.2B With JPMorgan Chase Bank, BofA Securities, U.S. Bank, Wells Fargo Securities, Citigroup Global Markets, Deutsche Bank Securities & TD Securities

100 W 33rd St, New York City, New York 10001, United States

See Similar Deals
Office2,200,000 SF
Financed 07/06/2022
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$1,454
Total Square Footage:2,200,000 SF
Transaction Type:Loan

Located in the vibrant neighborhoods of Chelsea and East Village, this office property at 100 W. 33rd St. & 770 Broadway has recently undergone a significant financial transaction. With a total square footage of 2,200,000, this asset offers ample space for various business operations.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Amount: $3,200,000,000
  • Address: 100 W. 33rd St. & 770 Broadway
  • Market: Chelsea & East Village
  • Lender: JPMorgan Chase Bank, BofA Securities Inc., U.S. Bank, Wells Fargo Securities, Citigroup Global Markets, Deutsche Bank Securities, and TD Securities
  • Landlord: Vornado Realty Trust
  • Loan Type: Refinance

The financing for this transaction was provided by a consortium of lenders, including JPMorgan Chase Bank, BofA Securities Inc., U.S. Bank, Wells Fargo Securities, Citigroup Global Markets, Deutsche Bank Securities, and TD Securities. Their involvement highlights the confidence placed in this property and its potential for long-term success. The refinance loan amount of $3,200,000,000 will enable the property's ongoing growth and development.

Players

Vornado Realty Trust
Vornado Realty Trust
BROKERAGE
U.S. Bank
U.S. Bank
LENDER
Bank of America
Bank of America
LENDER
TD Bank
TD Bank
LENDER
Deutsche Bank
Deutsche Bank
LENDER
Wells Fargo
Wells Fargo
LENDER
Citibank
Citibank
LENDER
J.P. Morgan Chase
J.P. Morgan Chase
LENDER
Vornado Realty Trust
Vornado Realty Trust
LANDLORD

Details

FINANCED
IMAGE: Steven Roth DATE: 07/06/2022 ADDRESS: 100 W. 33rd St. & 770 Broadway MARKET: Chelsea & East Village ASSET TYPE: Office ~ SF: 2,200,000 LENDER: JPMorgan Chase Bank (@JPMorgan), BofA Securities Inc., U.S. Bank, Wells Fargo Securities (@WellsFargo), Citigroup Global Markets, Deutsche Bank Securities & TD Securities LANDLORD: Vornado Realty Trust LOAN AMOUNT: $3,200,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,200,000,000.00

Monthly NOI$21,333,333.33
Monthly Debt Service$20,226,176.75
Change in Cash Flow$0.00
Refinance Proceeds$0.00