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**Silvercup Studios Secures $280 Million Refinance from Deutsche Bank and Apollo**
Hackman Capital Partners and Affinius Capital, the owners of Silvercup Studios’ film and television production facilities in Long Island City and the Bronx, have successfully refinanced the campus ahead of an upcoming loan maturity. The venture secured a $280 million loan from Deutsche Bank and Apollo Global Management.
Previously, Apollo and Deutsche Bank provided $323 million of financing toward the $500 million acquisition of the three-campus property in 2020.
The refinancing was arranged by Jordan Roeschlaub and Jonathan Firestone, co-presidents of Global Debt & Structured Finance at Newmark.
Silvercup Studios encompasses a total of 23 soundstages with approximately 240,000 square feet of production space, along with an additional 265,000 square feet dedicated to office and production-support functions. The portfolio includes properties at 295 Locust Avenue in the Mott Haven section of the Bronx—opened in 2016—and two locations in Long Island City, Queens: 42-22 22nd Street and 34-02 Starr Avenue, which opened in 1983 and 1998, respectively.
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