SL Green Refinances 245 Park Avenue With $2.0 Billion Loan
SL Green refinanced the 1.8 million-square-foot tower with a five-year fixed-rate SASB CMBS at 6.52%, hedged to 6.37% for its share, replacing $1.768 billion of debt. The property is 100% leased.
SL Green Realty Corp. refinanced 245 Park Avenue using a $2.0B, 5-year fixed-rate SASB CMBS, replacing $1.768B in debt. The loan carries a 6.52% rate, hedged to 6.37% for the company’s share. The 1.8M sq ft tower is 100% leased.