Deals
SL Green in Talks to Sell NYC Real Estate Debt to Kushner, CIM
- Rockwood also in advanced talks to buy debt from REIT
- Mezzanine loans are attached to office, mixed-use properties
Photographer: Michael Nagle/Bloomberg
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SL Green Realty Corp. is in advanced talks to sell at least three loans attached to New York properties to bolster its cash balance, according to people with knowledge of the matter.
The real estate investment trust is in talks to sell a mezzanine loan position backing Brooklyn’s Industry City to CIM Group and a loan tied to a Manhattan office building to Rockwood Capital, the people said. It is also in advanced discussions with Kushner Cos. about debt on a residential property in Brooklyn.