Company: SLG-PI
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047886
Chunk: 75

Company: SL GREEN REALTY CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 1
Chunk 75
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 ended September 30, 2025 and 2024. All of the loans with a carrying value as of September 30, 2025 have a risk rating of 2 and were performing in accordance with their respective terms.Debt Investments    As of September 30, 2025 and December 31, 2024, we held the following consolidated debt investments with an aggregate weighted average current yield of 5.13% as of September 30, 2025 (dollars in thousands):Loan TypeSeptember 30, 2025Future FundingObligationsSeptember 30, 2025 SeniorFinancingSeptember 30, 2025Carrying Value (1)December 31, 2024Carrying Value (1)MaturityDate (2)Fixed Rate Investments:Mezzanine Loan (3)$— $— $— $13,366 Mezzanine Loan— 95,000 20,786 30,000 July 2027Mezzanine Loan— 85,000 20,000 20,000 December 2029Total fixed rate$— $180,000 $40,786 $63,366  Floating Rate Investments:Mezzanine Loan (4)$— $54,000 $9,268 $8,991 August 2025Mezzanine Loan (5) (6)— 283,000 53,687 53,687 December 2025Mezzanine Loan2,999 196,528 68,125 54,482 January 2026Total floating rate$2,999 $533,528 $131,080 $117,160  Allowance for loan loss N/AN/A$(454)$(13,520)Total$2,999 $713,528 $171,412 $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 September 30, 2025, the loan was written off.(4)This loan was put on non-