One Vanderbilt Refinanced as $3 Billion Transaction Closes
On Monday, June 28, 2021, SL Green Realty Corp announced the completion of the $3 billion, 10-year, fixed-rate financing of One Vanderbilt Avenue. The REIT co-owns the recently opened East Midtown tower through a joint venture with National Pension Service of Korea and Hines Interests, LP. According to SL Green’s press release, the agents of the loan that was securitized in a single asset, single borrower agented CMBS transaction were a consortium of world class financial institutions; and were led by Wells Fargo Bank, N.A.