Tishman Speyer Secures $2.85 Billion Refinance Loan From JPMorgan Chase Bank Of America Goldman Sachs
66 Hudson Boulevard East & 509 West 34th Street
$2,850,000,000
$641/SF
Building Size
2,221,336 SF
Asset Type
Office
Closing
Jan 9, 2025
About this deal
AI
The asset involved in this transaction is an office property located at 66 Hudson Boulevard East & 509 West 34th Street in the Hudson Yards market of Manhattan. The property encompasses a total square footage of 2,221,336. The landlord for this property is Rob Speyer of Tishman Speyer. The transaction encompasses a refinance loan amount of $2,850,000,000, which replaces a previous loan of $1.3 billion secured with Blackstone.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,850,000,000
- Lender: J.P. Morgan Chase, Bank of America & Goldman Sachs
- Landlord: Rob Speyer - Tishman Speyer
This refinancing transaction highlights the collaboration between notable financial institutions including JPMorgan Chase, Bank of America, and Goldman Sachs. These lenders facilitated the refinancing of the Spiral office building, demonstrating a significant financial move within the Manhattan real estate market.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Browse New York office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.01%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93