SL Green Lands $480M Loan From J.P. Morgan, Bank Of America, And Wells Fargo For Acquisition

The property asset involved in this transaction is located at 65 East 55th Street in Midtown Manhattan. The asset is classified as an office space, with the acquisition price being $730 million. SL Green made an initial deposit of approximately $270 million, constituting 36% of the purchase price, to secure financing.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $730,000,000
• Loan Amount: $480,000,000
• Loan Type: Acquisition
• Address: 65 East 55th Street
• Market: Midtown Manhattan
• Lender: J.P. Morgan Chase, Bank of America, Wells Fargo
• Landlord: Marc Holliday - SL Green

Key individuals and companies in this transaction include Marc Holliday representing SL Green, who secured a substantial loan from a consortium of lenders, including Wells Fargo, JPMorgan, and Bank of America, to facilitate the purchase of the Park Avenue Tower.