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**Fosun Secures $900M Refinancing for 28 Liberty Street**
Fosun International has secured a $900-million refinancing deal for its 60-story, 2.1 million-square-foot office tower located at 28 Liberty Street in Manhattan’s Financial District. The refinancing follows a major lease expansion by fintech company Stripe, which added 139,497 square feet to its footprint, bringing the building’s occupancy to 93%.
The refinancing was arranged by a Cushman & Wakefield team including Gideon Gil, Zachary Kraft, and Cecelia Galligan from New York, alongside Rob Rubano, Brian Share, Joseph Lieske, and Ernesto Sanchez out of Los Angeles. The financing includes a three-year, interest-only commercial mortgage-backed securities (CMBS) loan, co-originated by JPMorgan Chase, German American Capital, and Goldman Sachs. The new loan refinances $895 million in existing debt.
The deal reflects growing lender and tenant confidence in Manhattan’s recovering office market. Since early 2024, 28 Liberty has seen significant leasing momentum, with 14 new leases totaling 438,000 square feet completed, according to Cushman & Wakefield.
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