Fosun International Secures $900 Million Refinance Loan From J.P. Morgan Chase, Deutsche Bank, Goldman Sachs
28 Liberty Street
$900,000,000
$428/SF
Building Size
2,100,000 SF
Asset Type
Office
Closing
Oct 23, 2025
AI
The asset involved in this transaction is an office property located at 28 Liberty Street in the Manhattan market, encompassing a total square footage of 2,100,000. The refinancing transaction has an amount of $900,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $900,000,000
- Loan Amount: $900,000,000
- Loan Type: Refinance
- Lender: J.P. Morgan Chase, Deutsche Bank & Goldman Sachs
- Loan Originator: Aaron Casden - J.P. Morgan Chase
- Landlord: Fosun International
- Landlord's Representatives: Gideon Gil, Zach Kraft, Cecelia Galligan, Robert Rubano, Brian Share & Joe Lieske - Cushman & Wakefield
The transaction involves key participation from multiple financial institutions, with J.P. Morgan Chase, Deutsche Bank, and Goldman Sachs acting as lenders. Aaron Casden serves as the loan originator representing J.P. Morgan Chase. The landlord, Fosun International, is represented in this transaction by a team from Cushman & Wakefield, highlighting the collaborative effort in securing refinancing for the asset.
Players
New York Office Market Snapshot
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