32 Old Slip Lands $167M Ground Lease Refi

32 Old Slip Lands $167M Ground Lease Refi

A joint venture between Safehold and Melohn Capital secured a $167 million debt package to refinance the leased fee interest in a Lower Manhattan office building’s ground lease, Commercial Observer has learned. Goldman Sachs, Barclays and Morgan Stanley provided the financing for the land beneath the 36-story 32 Old Slip.  The long-term ground lease dates back to  when RXR acquired the property in 2015, sources told CO.  Newmark arranged the tra…