Company: SLG-PI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001040971-25-000031
Chunk: 82

Company: SL GREEN REALTY CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 82
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$863,650 $320,033 $780,889 $298,929 Total joint venture mortgages and other loans payable$12,406,565 $6,043,432 $12,331,990 $6,027,862 Deferred financing costs, net(87,590)(43,647)(97,729)(49,058)Total joint venture mortgages and other loans payable, net$12,318,975 $5,999,785 $12,234,261 $5,978,804 (1)Economic interest represents the Company's interests in the joint venture as of June 30, 2025. Changes in ownership or economic interests, if any, within 

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Table of ContentsSL Green Realty Corp. and SL Green Operating Partnership, L.P.Notes to Consolidated Financial Statements (cont.)June 30, 2025(unaudited)

the current year are disclosed in the notes to the investment in unconsolidated joint ventures table above.(2)Reflects exercise of all available extension options. The ability to exercise extension options may be subject to certain conditions, including the operating performance of the property.(3)Interest rates as of June 30, 2025, taking into account interest rate hedges at the joint venture. Corporate interest rate hedges are not taken into consideration. Floating rate debt is presented with the stated spread over Term SOFR ("S").(4)Included in the Company's alternative strategy portfolio.(5)The Company is in discussions with the lender on resolution of the past maturity.(6)The loan is a $1.25 billion construction facility, which was fully extended to November 2027. Advances under the loan are subject to costs incurred. In conjunction with the loan, the Company provided partial guarantees for interest and principal payments, the amounts of which are based on certain construction milestones and operating metrics. (7)The Company's joint venture partner is in discussions with the lender on resolution of the past maturity.(8)During the three months ended June 30, 2025, an affiliate of the Company and a joint venture partner acquired the outstanding mortgage loan at 1552 Broadway that was in maturity default for $63.0 million, of which our share was $31.5 million. An initial allowance of $132.0 million was established, of which our share was $66.0 million. This investment is included in "Investment in unconsolid