Savanna obtained financing of $110M from Barclays Bank

Savanna through the entity 360 Lexington Avenue Property Investors IV, LLC as borrower signed a loan agreement with lender Barclays Bank valued at $110 million for 1 parcel, including the tax class tower-type office building (O4) at 360 Lexington Avenue in Grand Central. The deal closed on August 19, 2019 and was recorded on August 26, 2019.
The property contains a total of 238,294 square feet of built space.
The average loan per buildable square foot is $462.
The last time the property sold was August 07, 2008, for $129,500,000.

Over the past five years, there have been 47 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 47 renovation/alteration projects (A2) applied for with a total estimated value of $6,648,993.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article