Lightstone amends $210M in JPMorgan Chase debt at 130 William in FiDi

The Lightstone Group through the entity 130 William Street Associates LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank valued at $210 million for 310 parcels, including the tax class multifamily, fireproof – with stores (D6) at 130 William Street in the Financial District. The deal closed on September 30, 2020 and was recorded on October 17, 2020.
The property contains a total of 424,448 square feet of built space.
The average loan per buildable square foot is $459.
Lightstone Group amended a loan from JPMorgan Chase Bank. The secured debt originally provided by Mack Real Estate Credit Strategies in March 2017 had a maximum value of $305 million. In May 2019, Lightstone paid down $95 million and Mack assigned the remaining $210 million in debt to JPMorgan Chase. Lightstone recorded the condo declaration last month. The city gave the building its initial temporary certificate of occupancy on October 30.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $225,000.There has been one new building permit application totaling 337,311 square feet. Those plans include a total of 242 residential or hotel units. There has been one demolition project filed for the parcels over the past five years. The demolition included 15 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link