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Silvercup Studios Books $280M Refi from Deutsche Bank, Apollo
The venture of Hackman Capital Partners and Affinius Capital that owns the Silvercup Studios film and television production property in Long Island and the Bronx has refinanced the complex ahead of a loan maturity, Bloomberg News reported. The venture lined up a $280-million loan from Deutsche Bank and Apollo Global Management, which provided $323 million of financing toward the $500-million acquisition of the three-campus property in 2020.
Newmark co-presidents of Global Debt & Structured Finance Jordan Roeschlaub and Jonathan Firestone secured the refinancing debt.
Silvercup Studios has a combined 23 soundstages with 240,000 square feet and another 265,000 sf of office and production-support space. It’s comprised of 295 Locust Ave. in the Mott Haven section of the Bronx, which opened in 2016, and two facilities in Queens’ Long Island City neighborhood—42-22 22nd St. and 34-02 Starr Ave.—which opened in 1983 and 1998, respectively, according to Trepp
- ◦Financing