J.P. Morgan Chase Deutsche Bank And Goldman Sachs Provide $900 Million Loan For 28 Liberty Street
28 Liberty Street
$900,000,000
$424/SF
Building Size
2,120,000 SF
Asset Type
Office
Closing
Oct 23, 2025
About this deal
AI
The asset involved in this transaction is an office property located at 28 Liberty Street in Lower Manhattan, encompassing a total square footage of 2,120,000. The loan amount secured for this property is $900,000,000. This financing is structured as three-year, fixed-rate financing replacing an earlier loan obtained in 2019.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $900,000,000
- Address: 28 Liberty Street
- Market: Lower Manhattan
- Lender: J.P. Morgan Chase, Deutsche Bank & Goldman Sachs
- Landlord: Chen Qiyu & Xu Xiaoliang - Fosun International
The loan is being provided to Fosun International, who are the landlords of the office tower. The lenders involved in this transaction include prominent financial institutions such as J.P. Morgan Chase, Deutsche Bank, and Goldman Sachs, collectively facilitating this significant financing deal.
On the Map
$900,000,000
$424/SF
Office
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Players
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Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93