Company: SLG-PI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001040971-25-000031
Chunk: 76

Company: SL GREEN REALTY CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 76
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 85,000 20,000 20,000 December 2029Total fixed rate$— $180,000 $46,786 $63,366  Floating Rate Investments:Mezzanine Loan (4)$— $54,000 $9,268 $8,991 July 2025Mezzanine Loan (5) (6)— 283,000 53,687 53,687 December 2025Mezzanine Loan3,477 191,671 67,443 54,482 January 2026Total floating rate$3,477 $528,671 $130,398 $117,160  Allowance for loan loss N/AN/A$(454)$(13,520)Total$3,477 $708,671 $176,730 $167,006 (1)Carrying value is net of discounts, premiums, original issue discounts and deferred origination fees.(2)Represents contractual maturity, excluding any extension options to the extent they have not been exercised as of the date of this filing.(3)This loan went into default and was put on non-accrual in June 2020. In the first quarter of 2023, the Company fully reserved the balance of the investment. As of June 30, 2025, the loan was written off.(4)This loan went into default and was put on non-accrual in January 2025 and remains on non-accrual as of June 30, 2025. No investment income has been recognized subsequent to it being put on non-accrual. The Company is in discussions with the borrower with respect to the loan.(5)Included in the Company's alternative strategy portfolio.(6)This loan went into default and was put on non-accrual in January 2023 and remains on non-accrual as of June 30, 2025. No investment income has been recognized subsequent to it being put on non-accrual. In December 2024, the maturity date of the loan was extended to December 2025. The Company is in discussions with the borrower with respect to the loan.Preferred Equity InvestmentsAs of June 30, 2025 and December 31, 2024, we held the following consolidated preferred equity investment with an aggregate weighted average current yield of 6.59% as of June 30,