David Werner, Nightingale, Wafra borrow $100M from SL Green Realty for office building in Financial District

David Werner, Nightingale Group and the Kuwaiti sovereign wealth fund Wafra through the entity 111 Wall Holdings LLC as borrower signed a loan agreement with lender SL Green Realty through the entity 111 Wall Funding LLC valued at $100 million for 1 parcel, including the tax class office building tower type with 20 or more stories (O4) at 111 Wall Street in Financial District. The deal closed on January 15, 2020 and was recorded on January 22, 2020.
The property contains a total of 990,250 square feet of built space.
The average loan per buildable square foot is $101.
This is an acquisition loan. Media reports said SL Green provided $110 million in a first mortgage and an unnamed firm lent $35 million in mezzanine debt, but only $100 million has been recorded. The last time the property sold was January 15, 2020, when the partners bought it for $175,000,000.

Over the past five years, there have been 12 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 12 renovation/alteration projects (A2) applied for with a total estimated value of $12,400,788.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link