Company: SLG-PI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001040971-25-000022
Chunk: 61

Company: SL GREEN REALTY CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 61
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 preferred equity investments. Included in Other assets is an additional amount of financing receivables representing loans to joint venture partners totaling $27.6 million and $23.7 million as of March 31, 2025 and December 31, 2024, respectively. The Company recorded no provisions for loan losses related to these financing receivables for the three months ended March 31, 2025 and 2024. All of the loans with a carrying value as of March 31, 2025 have a risk rating of 2 and were performing in accordance with their respective terms.Debt Investments    As of March 31, 2025 and December 31, 2024, we held the following consolidated debt investments with an aggregate weighted average current yield of 6.68% as of March 31, 2025 (dollars in thousands):Loan TypeMarch 31, 2025Future FundingObligationsMarch 31, 2025 SeniorFinancingMarch 31, 2025Carrying Value (1)December 31, 2024Carrying Value (1)MaturityDate (2)Fixed Rate Investments:Mezzanine Loan (3) (4)$— $105,000 $13,366 $13,366 June 2024Mezzanine Loan (5)— 95,000 30,000 30,000 January 2025Mezzanine Loan— 85,000 20,000 20,000 December 2029Total fixed rate$— $285,000 $63,366 $63,366  Floating Rate Investments:Mezzanine Loan (6)$— $54,000 $9,268 $8,991 July 2025Mezzanine Loan (4) (7)— 283,000 53,687 53,687 December 2025Mezzanine Loan4,286 190,021 66,434 54,482 January 2026Total floating rate$4,286 $527,021 $129,389 $117,160  Allowance for loan loss $— $— $(13,520)$(13,520)Total$4,286 $812,021 $179,235 $167,006 (1)Carrying value is net of discounts, premiums, original issue discounts and deferred origination fees.

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