Lightstone signs $90M refi loan with Square Mile in Financial District

The Lightstone Group through the entity 130 William Street Associates LLC as borrower signed a refi loan with lender Square Mile Capital through the entity Sm Finance II LLC valued at $90 million for 194 condo units at 130 William Street in Financial District, Manhattan. The prior debt was provided by JPMorgan Chase Bank.
The deal closed on August 6, 2021 and was recorded on August 18, 2021.

The signatory for Lightstone Group was Joseph E. Teichman.

Within a 400-foot radius of 130 William Street, PincusCo identified five commercial real estate items of interests occurred over the past 24 months.
Of those five items, two were sales above $5 million totaling $30.6 million. The most recent of the two was Preston Hollow Capital which bought two condo units in the 17,505-square-foot, four-unit mixed-use building (RC) on 156 William Street and one other property for $20.0 million from Blue School on June 24, 2021.
Of those five items, three were loans above $5 million totaling $93.7 million. The most recent of the three was Metro Loft Management which borrowed $20.0 million from Valley National Bank secured by the 76,988-square-foot, 33-unit rental (D7) on 135 William Street on April 12, 2021.

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