Skadden Guides SL Green On $ 3 Billion Manhattan CMBS Deal

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Law360 (Jun 28, 2021 6:01 p.m. EDT) – A SL Green Realty company announced on Monday as part of its largest single property CMBS financing deal, Skadden-advised SL Green.

The loan is for One Vanderbilt Avenue, owned by SL Green Realty Corp., Hines Interests LP, and the National Pension Service of Korea, that has an area of ​​1.7 million square feet.

Wells Fargo Bank NA and Goldman Sachs Bank USA ran a syndicate of banks that provided the financing at an interest rate of 2.855%. Wells Fargo had also previously provided construction work …

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