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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 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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