DTH Capital and Rose Associates borrow $386M from Goldman Sachs for property in Financial District

DTH Capital and Rose Associates through the entity Ebnb 70 Pine Owner LLC as borrower signed a loan agreement with lender Goldman Sachs Bank, USA valued at $386 million for 4 condominium parcel containing 612 residential units at 70 Pine Street in the Financial District. The deal closed on September 23, 2019 and was recorded on October 16, 2019.
The property contains a total of 825,093 square feet of built space.
The average loan per unit is $630,719.
The new loan replaces a $375 million debt package previously provided by Bank of China, ING and Brookfield Asset Management. JLL’s Christopher Peck, Geoff Goldstein and Kristen Knapp arranged the new financing. DTH bought the tower in 2011 for $205 million and spent a reported $600 million converting it from an office building into 612 apartments and a 132-room hotel.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 895 residential and hotel units on February 7, 2017.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link