Fosun International borrows $1.1B from Deutsche Bank and HSBC for FiDi tower

Fosun International through the entity Summit Glory Property LLC as borrower signed a loan agreement with lender Deutsche Bank and HSBC valued at $1.102.5 billion for the office tower (O4) 28 Liberty Street in Financial District. The deal closed on September 18, 2019 and was recorded on October 7, 2019.
The property contains a total of 2,224,200 square feet of built space.
The average loan per buildable square foot is $496.
The last time the property sold was December 17, 2013, for $725,000,000. CBRE’s James Millon, Tom Traynor and Ethan Gottlieb negotiated the financing according to the Commercial Observer.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on August 13, 2012.
Over the past five years, there have been 160 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 8 major renovation applications including a certificate of occupancy change (A1) filed with a total estimated value of $69,790,770. There were 152 renovation/alteration projects (A2) applied for with a total estimated value of $143,514,608.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
A recent story on the property. link.