FINANCIAL_SERVICESRATIFIED

RIOC Ratifies Documents for $161.5M JLL Refinancing

The Roosevelt Island Operating Corporation Board ratified documents executed in connection with MEPT Octagon LLC’s refinancing of its leasehold mortgage through a $161,500,000 five-year loan from JLL Real Estate Capital LLC at 4.195% interest. The New Loan, secured by a first leasehold mortgage, replaces an existing mortgage with the same principal balance and required RIOC estoppel, consent, and recognition agreements.

Document date · May 14, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
$161,500,000
Contract type
FINANCIAL_SERVICES
Contract term
five (5) year term, interest rate 4.195%
Renewal
New leasehold mortgage loan for five years replacing a prior Berkeley Point Capital LLC mortgage with the same principal balance; no new indebtedness beyond the existing principal; no Transaction Payment or mortgage recording tax due.
Document type
Resolution
Source document
Roosevelt Island Operating Corporation Resolution Authorization to Ratify Documents in Connection with Refinancing of Mortgage for MEPT Octagon LLC 2026-05-14

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by NYC-Roosevelt Island Operating Corporation?

Jll Real Estate Capital Llc was awarded this financial services contract by NYC-Roosevelt Island Operating Corporation, as recorded on May 14, 2026. The contract value is $161,500,000.

How much is the Jll Real Estate Capital Llc contract with NYC-Roosevelt Island Operating Corporation worth?

The Jll Real Estate Capital Llc contract with NYC-Roosevelt Island Operating Corporation is valued at $161,500,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in Roosevelt Island Operating Corporation Resolution Authorization to Ratify Documents in Connection with Refinancing of Mortgage for MEPT Octagon LLC 2026-05-14 (Resolution), dated May 14, 2026 from NYC-Roosevelt Island Operating Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Jll Real Estate Capital Llc hold?

Jll Real Estate Capital Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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