Thursday, April 15, 2010

SLG buys 600 Lex for $636 psf, $193mm

From BBG
In connection with the acquisition, SL Green will assume $49.85 million of in-place financing. The 5.74% interest-only loan matures in March 2014.


Pretty sure that's not a CMBS loan. Not sure whose it is.
at

3 comments:

  1. RApril 15, 2010 at 5:15 PM

    how did you check? Trepp?

    ReplyDelete
  2. Dark SpaceApril 16, 2010 at 8:30 AM

    I used Bloomberg's PLKU function.

    But, the google service on the interwebs tells me it is Prudential, by way of Cigna. Search this document for "600 Lex" and you'll see it.

    I believe Pru bought Cigna's entire business line that same year, which is why this later report intermixes their names - but don't hold me to that statement.

    ReplyDelete
  3. CApril 16, 2010 at 10:13 PM

    I believe it is part of a crossed loan portfolio, might be a bofa securitization

    ReplyDelete