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Marc Holliday Of SL Green And Jeff Sutton Of Wharton Properties Refinance Times Square Retail Properties For $176M

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FINANCED
$176,000,000

New York

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Retail
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FINANCED

Marc Holliday Of SL Green And Jeff Sutton Of Wharton Properties Refinance Times Square Retail Properties For $176M

1551 Broadway, 1553 Broadway & 1555 Broadway

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Retail
Financed
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Summary

NEW YORK
Asset Type:Retail
Transaction Type:Loan

The asset involved in this transaction includes two retail properties located at 1551 Broadway, 1553 Broadway, and 1555 Broadway in the Times Square market of Manhattan. The refinancing loan amount secured for these properties is $176,000,000, which replaces prior debt from Series 2011-GC5.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $176,000,000
  • Lender: Acore Capital
  • Landlord: Marc Holliday - SL Green & Jeff Sutton - Wharton Properties
  • Ownership Entity: 1551-1555 Broadway Owner LLC
  • Loan Type: Refinance

Key individuals involved in this refinancing transaction include Marc Holliday representing SL Green and Jeff Sutton representing Wharton Properties, both of whom are significant players in the New York City real estate market. They have collaborated to secure financing through Acore Capital for their retail properties in a prime Times Square location.

Players

LENDER

37 deals$9.6B volume
LANDLORD

Jeff Sutton
Wharton Properties
46 deals$5.4B volume
LANDLORD

Details

FINANCED
IMAGE: Jeff Sutton DATE: 02/09/2026 ADDRESS: 1551 Broadway, 1553 Broadway & 1555 Broadway MARKET: Times Square, Manhattan ASSET TYPE: Retail LENDER: Acore Capital LANDLORD: Jeff Sutton - Wharton Properties LOAN AMOUNT: $176,000,000 LOAN TYPE: Refinance NOTE: Wharton Properties, through 1551-1555 Broadway Owner LLC, refinanced two Times Square retail properties with a $176M loan from Acore Capital, replacing prior debt from Series 2011-GC5.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$176,000,000.00

Monthly NOI$1,173,333.33
Monthly Debt Service$1,112,439.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00