L&L Holding Company

L&L Holding Company portfolio

$574.6 million* – office 100%; Manhattan 100%, Bronx 0%

104th largest portfolio by dollar value

2,290,056 sqft – office 100%;

139th largest by SF

3 properties – Manhattan 100%, Bronx 0%

2177th largest

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Borrower company: 2 for $644 million

Top Ten Associated Companies:

Samsung SRA Asset Management (1), Joshua Elstein (1), Credit Agricole (1), Sumitomo Mitsui Trust Bank (1), Aareal Capital (1), Safehold Inc. (1), KKR & Co. (1), MassMutual (1)

Top Ten Associated People:

Joshua Elstein (1), Amadou M. Diop (1), Theodore M. Vandermel (1), Mario Barraza (1)

Recent activity as company:

Tokyu Land Corporation, L&L Holding Company and BentallGreenOak borrowed $484 million from Sumitomo Mitsui Trust Bank for 425 Park Avenue, Midtown East, Manhattan on April 12, 2024.

L&L Holding Company borrowed $160 million from Credit Agricole for 600 3rd Avenue, Murray Hill, Manhattan on March 06, 2023.

L&L Holding Company sold 36-57 36th Street, Astoria, Queens for $2.4 million to Joshua Elstein on December 29, 2021.

L&L Holding Company borrowed $730.8 million from KKR & Co. for 261 11th Avenue, Chelsea, Manhattan on August 12, 2021.

L&L Holding Company borrowed $92.5 million from Aareal Capital for 146 West 57th Street, Midtown West, Manhattan on March 30, 2021.

L&L Holding Company borrowed $556.4 million from MassMutual for 425 Park Avenue, Plaza District, Manhattan on July 31, 2020.

L&L Holding Company sold 195 Broadway, Financial District, Manhattan for $475 million to Samsung SRA Asset Management on November 07, 2019.

L&L Holding Company sold 195 Broadway, Financial District, Manhattan for $275 million to Safehold Inc. on November 07, 2019.

Latest Stories:

• Tokyu, L&L, BGO sign $484M loan with Sumitomo Mitsui Trust in Midtown East, part of $911M deal (April 15, 2024)

• GDS, Sabal acquire Midtown West office tower Mitsubishi lost to Aareal, valued at $82.6M (March 27, 2024)

• L&L Holding cuts debt on Murray Hill office building to $160M (March 07, 2023)

• L&L, BentallGreenOak, Tokyu signs $467.5M refi loan with Blackstone, Otera, part of $911.4M financing (January 10, 2022)

• L&L, Columbia Property sign $730.8M first mortgage refi loan with Blackstone for Terminal Warehouse in Chelsea (August 13, 2021)

• L&L Holding cuts debt to $92.5M from Aareal for Met Tower office condo in Midtown West (March 31, 2021)

• L&L Holding extends maturity date by year for $556M MassMutual construction at 425 Park in Plaza District (August 03, 2020)

• L&L Holding Company files plans for $19M build-out at 425 Park in Plaza District (June 08, 2020)

• L&L Holding files plans for $72M multi-floor build-out at 425 Park Avenue (June 03, 2020)

• iStar’s Safehold Inc. pays $617M to Nuveen (formerly TIAA) for property in Plaza District (December 10, 2019)

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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