Swig Equities and Silverpeak Real Estate Partners, as asset manager for Longwing Real Estate Ventures, LLC, a member of the Dubai Investment Group, have closed on the refinancing of 110 William Street, a 32-story, 900,000 square foot multi-tenant office building located in Downtown Manhattan's FiDi (Financial District) neighborhood.
The total size of the loan was $161.5 million and was led by a $141.5 million first mortgage provided by UBS Real Estate Securities, Inc. and Barclays Capital, which is expected to be securitized in an upcoming CMBS transaction.
In addition to the first mortgage loan, Pearlmark Real Estate Partners, L.L.C. provided a $20 million mezzanine loan as part of the transaction.
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