SL Green Extends Loan on 1515 Broadway
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SL Green Realty Corp. has extended the maturity date of its $742.8 million mortgage on 1515 Broadway by three years to March 2028, maintaining the interest rate at 3.93%.
November 20, 2024 | 12:45 pm
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POSITIVE IMPACT
SL Green Realty Corp. has successfully extended the maturity date of its $742.8 million mortgage on 1515 Broadway by three years to March 2028, while maintaining the interest rate at 3.93%.
The extension of the mortgage maturity date provides SL Green with financial flexibility and stability, which is positive for the company's financial health. Maintaining the interest rate at 3.93% is favorable given current market conditions, potentially leading to a positive short-term impact on SLG's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100