Global Holdings Management Group obtained financing of $75M from HSBC

Global Holdings Management Group through the entity Global 1845 Broadway LLC as borrower signed a loan agreement with lender HSBC Bank USA, National Association valued at $75.0 million for 2 parcels, including the tax class office building with commercial with seven to 19 stories (O6) at 1841 Broadway, 1845 Broadway in Lincoln Square. The deal closed on September 05, 2019 and was recorded on September 10, 2019.
The property contains a total of 114,022 square feet of built space. The property has 39,266 square feet of available development rights.
The average loan per buildable square foot is $445.
The loan includes $9.5 million in new debt on top of the existing debt that had been assigned by the German bank Helaba to HSBC.

Over the past five years, there have been 17 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 16 renovation/alteration projects (A2) applied for with a total estimated value of $1,006,200.There has been one new building permit application totaling 173,266 square feet. Those plans include a total of 173 residential or hotel units.
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