55 Broad Street in New York City

JLL Arranges $220 Million in Financing for New York City Office Tower Conversion

by Channing Hamilton

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.

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