News
Breaking News: $475 Million Refi for SL Green; The Deal Sheet
January 5, 2010
| This morning, SL Green announced it secured a $475 million refinancing for 1515 Broadway in Times Square. Known to some as Viacom's HQ, to others as home to the Minskoff Theatre, the building's former $625 million mortgage was due Nov. 10, replaced now by longer-term financing. |
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| The new five-year, floating rate mortgage was provided by a syndicate led by The Bank of China that included DekaBank and Landesbank Baden-Wurttemberg. An SL Green/SITQ jv acquired the building in '02 and is on the tail end of a $40M capital improvement. CB's Rob Martin and Deutsche Bank’s Commercial Real Estate Restructuring Advisory practice acted as advisors for SL Green |
