Deutsche Pfandbriefbank Provides $90M Construction Loan For 1245 Broadway Office Project In NYC

Deutsche Pfandbriefbank has provided a $90 million construction loan for the property located at 1245 Broadway in New York City. The asset, an office space measuring 189,000 square feet, is owned by GDSNY. Jordan Roeschlaub and Dustin Stolly from Newmark represented the landlord in the transaction.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $90,000,000
• Address: 1245 Broadway, New York City
• Square Footage: 189,000
• Lender: Deutsche Pfandbriefbank
• Landlord: GDSNY
• Brokers: Jordan Roeschlaub & Dustin Stolly - Newmark
• Loan Type: Construction

This loan transaction involves the office property located at 1245 Broadway in New York City, with a loan amount of $90 million provided by Deutsche Pfandbriefbank. The landlord, GDSNY, was represented by brokers Jordan Roeschlaub and Dustin Stolly from Newmark. This loan will support the construction of the property.