NYC’s biggest real estate loans of 2019

After a decade of growth in New York City real estate’s capital markets, the biggest financing deals are shrinking. This year’s ranking of top 10 finance deals by The Real Deal found that major landlords are still refinancing existing properties more than securing funding for acquisitions.

There are exceptions, however, and one dealmaker stood out. Related Companies, after the grand opening of its $25 billion neighborhood at Hudson Yards, went on to ink three of the four largest financing deals of the year.

The largest deal of 2018 was the $1.6 billion refinanced loan from Bank of America for One Bryant Park. That was almost a $700 million drop from the peak deal of 2017, when Morgan Stanley led a syndicate of banks to provide a $2.3 billion to Boston Properties to refinance the GM Building.  Notably, no Financial District buildings featured in the annual ranking.

Stephen Ross Related Companies
Stephen Ross Related
Albert Behler Paramount Group
Albert Behler
Paramount Group
Albert Behler Paramount Group
Albert Behler
Paramount Group
Jerry Speyer Tishman Speyer
Jerry Speyer
Tishman Speyer
Laurence Gluck Stellar Management
Laurence Gluck
Stellar Management

The Top 10 Real Estate Financing Deals of 2019

RankPropertyLoan AmountBorrowerLender
130 Hudson Yards Condominium$1.43BRelated Companies, AllianzDeutsche Bank, Goldman Sachs, Wells Fargo
21633 Broadway$1.25BParamount GroupGoldman Sachs
355 Hudson Yards$1.245BMitsui Fudosan America, Related Companies, Oxford PropertiesWells Fargo, DBR Investments,
Morgan Stanley
410 Columbus Circle$1.10BRelated CompaniesWells Fargo
5Jackson Park$1.00BTishman Speyer PropertiesBank of America, Wells Fargo
4 Times Square$900MDurst OrganizationJPMorgan Chase, Wells Fargo
One Soho Square$900MStellar Management; Imperium CapitalGoldman Sachs
8Crown Building Office Condominium$807.5MBrookfield Property Partners, Wharton PropertiesApollo Global Management
9335 Madison Avenue$750MMilstein PropertiesBrookfield Property Partners
103 Columbus Circle$595MMoinian GroupJPMorgan Chase; Deutsche Bank