In a market experiencing unprecedented change, parties involved in high-stakes real estate deals need a steady, trusted hand to guide them. The Paul, Weiss Real Estate Practice leverages a history of executing every kind of real estate property transaction and unparalleled business and legal acumen to help the most complex projects succeed amid volatile economic conditions.
SL Green Realty Secures $370 Million Loan Against Downtown Manhattan Office Building
- Client News
- August 2, 2022
Paul, Weiss advised SL Green Realty Corp., a fully integrated real estate investment trust and Manhattan’s largest office landlord, in a $370 million financing agreement with Aareal Capital Corporation. The senior mortgage facility will be used to refinance SL Green’s share in 100 Church Street, an office building at the intersection of Tribeca and the Financial District in Manhattan. Aareal Capital, a wholly owned subsidiary of Aareal Bank, is acting as lead arranger, lender and agent for the financing.
The Paul, Weiss team included real estate partner Peter Fisch; tax partner David Mayo; environmental counsel William O’Brien; and executive compensation counsel Jake Glazeski.