SL Green sells participation in $100M 111 Wall Street loan to Axos Bank

SL Green Realty sold a senior participation interest in the $100 million loan that it originally provided in January to Nightingale Properties and Wafra Capital Partners for their acquisition of the office tower 111 Wall Street in Lower Manhattan. The deal closed on May 18, 2020 and was recorded on May 19, 2020.
The property contains a total of 990,250 square feet of built space.

The last time the property sold was January 15, 2020, when Wafra and Nightingale acquired it for $175 million. The Real Deal reported last month that SL Green had hired Walker & Dunlop to market $110 million in debt.

Over the past five years, there have been 12 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 12 renovation/alteration projects (A2) applied for with a total estimated value of $12,400,788.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link