Dallas-based Gaedeke Group borrows $133M from Athene for 44 Wall purchase in Financial District

Dallas-based Gaedeke Group through the entity 44 Wall Street Holdings, LP as borrower signed a loan agreement with lender Athene, whose funds are managed by Apollo Global Management through the entity Athene Annuity And Life Company valued at $133 million for 1 parcel, including the tax class office building tower type with 20 or more stories (O4) at 44 Wall Street in Financial District. The deal closed on March 10, 2020 and was recorded on March 13, 2020.
The property contains a total of 289,049 square feet of built space.
The average loan per buildable square foot is $460.
The debt package included a $53 million gap loan on top of the outstanding debt assigned by Deutsche Bank to Athene which at one point was just under $83 million.

Over the past five years, there have been 53 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 53 renovation/alteration projects (A2) applied for with a total estimated value of $13,951,182.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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