Goldman to take lead on $1.2B refi of
One Worldwide Plaza

Midtown trophy tower, now in contract, is valued at $1.7B

TRD New York /
Sep.September 28, 2017 03:00 PM

CEO of Goldman Sachs Lloyd Blankfein and 1 Worldwide Plaza

Goldman Sachs will take the lead on a $1.2 billion refinancing of One Worldwide Plaza.

Goldman, along with a consortium of lenders that includes Deutsche Bank, plans to securitize the loan into a single-asset CMBS deal later this year, the Commercial Observer reported.

The 2.1 million-square-foot tower is valued at $1.7 billion after RXR Realty and SL Green Realty signed a contract to buy a 48.7 percent stake in the tower from New York REIT earlier this month. That deal is expected to close on or before Nov. 1.

New York REIT CEO Wendy Silverstein said on an investor call earlier this month that the 10-year, interest-only loan will have a “sub 4 percent” rate, but did not identify the lender.

The building’s 1.8 million square feet of office space is 100 percent leased to tenants such as Nomura Holdings; Cravath, Swaine and Moore; WebMD; Rubenstein Public Relations; and CBS Broadcasting.

Deutsche Bank in 2013 provided a $710 million mortgage on the property. [CO]Rich Bockmann

Related Articles

With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)

Real estate stocks push up this week as U.S.-China trade tensions ease

416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)

Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case

From left: 172 Madison Avenue, 100 East 53rd Street, Woolworth Tower, 53 West 53rd Street, 615 10th Avenue

Loan wolves: Bankers are stalking developers as debts come due

Pope Francis (Credit: WIkipedia, iStock)

Unholy real estate strategy: Catholic churches shuffle properties to shield billions from sex abuse victims, report says

(Credit: iStock)

Real estate created the Chinese elite. Here’s what happens next

160 Imlay Street

Est4te Four gets $74M inventory loan for Red Hook condo

As crowdfunding startups rethink their business model, many are becoming more like traditional real estate investment firms (Credit: iStock)

To survive, crowdfunding firms are remaking themselves

1633 Broadway, 55 Hudson Yards, and 650 Madison Avenue (Credit: Google Maps)

A pair of billion-dollar refis tops the list of Manhattan’s largest real estate loans in December