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SL Green Extends $742.8 million Mortgage on 1515 Broadway

Nov 20, 2024•over 1 year ago

Contract Type

contract

New YorkReal EstateReal Estate InvestmentProperty ManagementCommercial Real Estate

Description

SL Green Realty Corp. has closed on a modification and extension of the $742.8 million mortgage on 1515 Broadway, extending the maturity date by three years to March 2028 while maintaining the interest rate at 3.93%. The extension provides SL Green and its partners with the time and flexibility needed for its pursuit of Caesars Palace Times Square, bringing world-class entertainment to Times Square.

Company Information

Company

SL Green Realty Corp

Location

New York, United States

About

SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of September 30, 2023, SL Green held interests in 59 buildings totaling 32.5 million square feet. This included ownership interests in 28.8 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments.

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