NEW YORK CITY — JLL Capital Markets has arranged $220 million in financing for the conversion of 55 Broad Street, a former office building in New York City’s Financial District. Christopher Peck, Eliott Zeitoune, Alex Staikos and Drew Isaacson led the JLL team. Mexico City-based Banco Inbursa provided the loan to a partnership between Metro Loft Developers LLC and Silverstein Properties. The loan features a four-year floating rate. The 30-story tower will be converted into 571 apartments. Units will come in studio, one-, two- and three-bedroom layouts. Amenities will include a pool, fitness center, coworking facilities and sports simulators. According to JLL, the project will be one of the first fully electric residential buildings in Manhattan.
JLL arranged financing for the conversion of 55 Broad Street in New York City. Banco Inbursa provided the loan. Metro Loft Developers LLC and Silverstein Properties will convert the property into 571 apartment units.
JLL Arranges $220 Million in Financing for New York City Office Tower Conversion
394