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Financing

Savanna and KBS land Refi for 110 William Street

Invesco provided the debt

110 William Street (Google Maps)

Savanna and KBS Capital Advisors have secured a $349 million loan from Invesco to refinance 110 William Street. The FiDi office building spans 928,157 square feet

Financing breakdown: The new floating-rate loan refinances $265 million in debt provided by Morgan Stanley in 2017, according to the CO.

Flashback: The owners paid $261.5 million for the property in 2014, which they subsequently renovated. Tenants include the Department of Education (NYCDOE), the School Construction Authority (NYCSCA), and co-working company Knotel.

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