Top NYC Loans January 2026

13 minutes read

For real estate players seeking financing, dealmaking showed no signs of freezing in January.

Lenders doled out dollars in a flurry of big-ticket deals across New York City, led by Genting’s $755 million Queens casino construction loan and SL Green’s $480 million Plaza District office acquisition loan. Hospitality, retail and even a distressed office property also found financing.

Banks wrote the biggest checks for the city’s top deals, which spanned several neighborhoods in Manhattan and Queens. All told, lenders parted ways with almost $2.2 billion.

Here are more details.

Casino cash | $755M | Jamaica, Queens

Wells Fargo provided a $755 million loan to Malaysia-based Genting Group for its expansion of the 2.8 million square-foot Resorts World racino at the Queens Aqueduct in Jamaica. Resorts World plans to add 6,000 slot machines and 800 table games, as well as 2,000 hotel rooms and a 7,000-seat arena. The company has also agreed, through an agreement with Cirrus Real Estate, to invest in 50,000 workforce housing units citywide. Resorts World expects to open a full-fledged gaming facility in March 2026, and then complete the expanded complex in 2031. Genting paid off its prior $175 million loan from Wells Fargo in September 2024. The gaming giant was one of three bidders that was awarded a New York State casino license in December.

Park Avenue payday | $480M | Plaza District

Wells Fargo, JPMorgan Chase and Bank of America provided a $480 million loan for SL Green’s acquisition of Park Avenue Tower. Marc Holliday’s firm shelled out a $270 million down payment to secure the five-year loan on the 600,000-square-foot building at 65 East 55th Street, which it bought from Blackstone Group for $730 million. The 36-story building is 97 percent occupied, mostly by financial firms and hedge fund tenants. The price tag is a discount to the roughly $925 million that Blackstone put into acquiring and renovating the building since 2014.

Flag funds | $325M | Nomad

Deutsche Bank provided a $325 million loan for Flag Luxury Group’s Ritz-Carlton hotel in NoMad. The fresh financing for 35 West 28th Street replaces a $200 million loan from Bank OZK. Paul Kanavos’ firm bought two adjacent parcels from commercial real estate firm Clark Wile and Mayer for $100 million in 2015 and built a luxury 250-key hotel. The property also has 16 one- and two- bedroom condo units, all of which have been sold to buyers who can rent their apartments as hotel rooms while they’re away. The hotel also has an 8,000-square-foot spa and fitness center, meeting space including and three restaurants operated by Michelin Star Chef José Andrés.

Refi rescue | $310M | Midtown

Deutsche Bank and Société Générale provided a $310 million loan for the Moinian Group’s 535 and 545 Fifth Avenue. Moinian chipped in $10 million to rescue the buildings from default. Special servicer LNR Partners and trustee Wilmington Trust moved to foreclose on the pair of properties in July, alleging Moinian had defaulted on a $310 million CMBS loan originated by Morgan Stanley in 2015. The property at 535 Fifth is a 36-story, 330,000 square-foot tower; 545 Fifth is a 14-story, 180,000 square-foot building. The buildings counted a combined 93 percent occupancy rate as of last summer, according to KBRA.

Skyview score | $289M | Flushing, Queens

Mizuho Bank provided a $289 million loan for Acadia Realty Trust and TPG Real Estate’s purchase of The Shops at Skyview retail complex in Queens. The joint venture bought the 550,000-square-foot property from Blackstone Group and Perform Properties for $425 million. The shopping center at 40-24 College Point Boulevard is anchored by a grocery store and is almost fully leased. The property features a pair of three-story buildings and a parking garage that fits more than 2,600 vehicles. It’s part of a larger 3 million-square-foot complex that includes nearly 1,200 apartments and 50,000 square feet of medical space. Tenants include BJ’s Wholesale Club, Sky Zone, Marshalls, Sky Foods and Burlington.