These were the 10 biggest NYC real estate loans recorded in May

Construction lending in New York City is tight, but developers and investors landed plenty of it in May. The 10 biggest loans to close in real estate last month totaled more than $5.2 billion dollars in new deals, and seven of them were for construction projects. No one got in on more of the action than Deutsche Bank [TRDataCustom], which was a lender on four of the top transactions. Here’s the complete list:

1) Five lenders better than one? – $1.75 billion

Though Anbang’s on a short leash with Chinese authorities, Haikou-based HNA Group is still flying high, deepening its New York holdings this spring with the $2.21 billion buy of 245 Park Avenue. A consortium of five lenders — JPMorgan Chase, Deutsche Bank, Barclays, Natixis and Societe Generale — extended the investment company $1.75 billion for the acquisition.

2) Olympia Debitus – $760 million

The Chera family’s Crown Acquisitions took on a $1 billion refinancing of Midtown’s Olympic Tower in May, and $760 million of that has closed, with the debt coming from Deutsche Bank, Goldman Sachs and Morgan Stanley. The deal also financed some other adjacent retail and commercial buildings.

3) A doctor’s word is bond – $600 million

With bonds issued by New York Bank Mellon, NYU Langone Medical Center secured $600 million in financing for its new research center in Kips Bay. The hospital recently replaced existing bonds at a number of its other medical properties.

4) Luxury condos, for the children – $595 million

The international hedge fund known as the Children’s Investment Fund has often stepped up for condo builders when banks step down. Last month, HFZ Capital Group got a $595 million piece of a previously secured $1.2 billion construction financing from CIF for its megaproject at 76 11th Avenue in Chelsea.

5) The Sheikh has spoken, and he says luxury condos – $460 million

Qatar National Bank and — who else! — Deutsche Bank teamed up to lend Harry Macklowe $460 million for the condo conversion of 1 Wall Street. Sheikh Hamad Bin Jassim Bin Jaber al-Thani, former prime minister of Qatar, is also Macklowe’s equity partner at the conversion, as The Real Deal first reported.

6) Pieces of the billions – $400 million

Pieces of Related Companies and Oxford Properties Group’s $5 billion in financing for Hudson Yards are still coming in, including $400 million from Deutsche Bank last month for the construction of 30 Hudson Yards. Deutsche was also the co-lead on an earlier $1.5 billion construction loan for the project along with Bank of China.

7) Refi in FiDi – $375 million

DTH Capital and Rose Associates refinanced the 612-unit luxury rental at 70 Pine Street with $375 million from Bank of China, ING and Brookfield Real Estate Financial Partners. Formerly an office building, the residential units opened early last year.

8) Divine intervention? – $300 million

St. John’s terminal in the West Village is slated for a $1.7 billion redevelopment by Westbrook Partners and Atlas Capital Group and in May the partners were blessed with $300 million from Morgan Stanley to get going on it. When the finished product is ready, the site should hold 1,500 apartments, offices, retail space and a hotel.

9) Tell Cornelius the 1 Vanderbilt money is still flowing – $275 million

SL Green received another piece of the $1.5 billion in construction financing it secured for the office skyscraper development at 1 Vanderbilt Place. Wells Fargo provided the real estate investment trust with a $275 million loan last month.

10) Long Island City tower gets a jumpstart – $255 million

Rockrose Development secured $225 million to start digging for its 54-story apartment tower in Long Island City at 43-22 Queens Street. The developer bought the site back in 2012, and plans may have been furthered delayed by the expiration of the 421a tax exemption.