SL Green completes 1515 Bway refinancing

January 05, 2010 10:50AM

SL Green Realty has closed on a $475 million refinancing of 1515 Broadway, home to Viacom International, the company announced today. The building, between 44th and 45th streets, is owned by SL Green in a joint venture with SITQ, a real estate investment, management and development subsidiary of the Caisse de dépôt et placement du Québec, or the Quebec Deposit and Investment Fund. A syndicate led by the Bank of China provided the new five-year, floating rate mortgage. SL Green and SITQ replaced the former $625 million mortgage that was due to mature in November this year with longer-term financing. “We
were able to source this financing which required a lower equity
contribution than previously forecast,” said SL Green President Andrew
Mathias.
TRD


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