Korea investors borrow $350M from Helaba for ground-leased 195 Broadway in FiDi

Korea Investment & Securities and Samsung SRA Asset Management and L&L Holding through the entity 195 B Owner LLC as borrower signed a loan agreement with lender Helaba through the entity Landesbank Hessen-Thuringen Girozentrale, valued at $350 million for the ground-leased office tower at 195 Broadway in the Financial District. The deal closed on November 1, 2019 and was recorded on November 7, 2019.
The property contains a total of 1,052,861 square feet of built space.
The average loan per buildable square foot is $332.
The last time the property sold was November 26, 2013, when JPMorgan Asset Management bought it for $498,450,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on October 1, 2012.
Over the past five years, there have been 90 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 90 renovation/alteration projects (A2) applied for with a total estimated value of $65,304,431.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link