FINANCED
Banco Inbursa Provides $220M Loan For Multifamily Conversion In Financial District, NYC
55 Broad Street
Office
425,000 SF
425,000 SF
Financed 281 days ago
Summary
Loan
NEW YORK
Office
425,000 sqft
The property involved in this transaction is located at 55 Broad Street in the Financial District. It is a multifamily asset with a total square footage of 421,017 and comprises 571 units. The property was transacted for an amount of $220,000,000 with Banco Inbursa serving as the lender. The landlords involved in this deal are MetroLoft Developers and Silverstein Properties.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $220,000,000
- Square Footage: 421,017
- Number of Units: 571
- Lender: Banco Inbursa
- Landlords: MetroLoft Developers, Silverstein Properties
The brokers representing this deal are Christopher Peck, Eliott Zeitoune, and Alex Staikos from JLL. It is worth noting that JLL also provided advice on the procurement and structuring of the equity for this acquisition and conversion loan.
Players
All
4
Agents
3
Agencies
1
Details
FINANCED
IMAGE: Eliott Zeitoune, Christopher Peck & Alex Staikos
DATE: 07/28/2023
ADDRESS: 55 Broad Street
MARKET: Financial District
ASSET TYPE: Multifamily ~ SF: 421,017 ~ UNITS: 571
LENDER: Banco Inbursa
LANDLORD: MetroLoft Developers & Silverstein Properties (@SilversteinProperties)
BROKERS: Christopher Peck, Eliott Zeitoune & Alex Staikos - JLL (@JLL)
LOAN AMOUNT: $220,000,000
LOAN TYPE: Acquisition and Conversion
NOTE FROM BROKER: JLL also advised on the procurement and structuring of the equity.View on map
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Address55 Broad Street
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