SL Green Secures Extension of $742.8M Mortgage on 1515 Broadway
SL Green(SLG) ZACKS·2024-11-22 02:55
SL Green Realty (SLG) recently announced closing on a modification and extension for the $742.8 million mortgage on 54-story office tower, 1515 Broadway. As a result, the maturity date has been extended by three years to March 2028, while the interest rate remains unchanged at 3.93%.This strategic move enhances SL Green’s debt maturity profile. It offers SL Green and its partners the essential time and flexibility required to pursue projects like Caesars Palace Times Square. This project will bring the worl ...