NYC’s Worldwide Plaza Owners Seek Deal on $940 Million Loan (1)

The owners of Manhattan’s Worldwide Plaza, including SL Green Realty Corp. and RXR, are in talks to modify a $940 million senior mortgage on the office tower after the debt was transferred to a special servicer.

The owners of 825 Eighth Ave. are delinquent on payments and have said they “will not fund operating deficits,” according to monthly commentary for the loan.

“Ownership remains in dialogue with its lenders toward a modification and extension of the underlying debt,” an SL Green spokesperson said. “The landlord has substantial reserves held by the lender to meet the recent leasing activity, assure the ...