Board Ratifies Octagon Leasehold Mortgage Refinancing | NYC-Roosevelt Island Operating Corporation | JLL REAL ESTATE CAPITAL LLC

Scope & details

The full contract record, as filed.

Contract amount

$161,500,000

Contract type

FINANCIAL_SERVICES

Contract term

five years

Renewal

Refinancing replaces an existing leasehold mortgage with a new five-year loan of the same principal; RIOC executed estoppel, consent, and ground lease recognition and attornment agreements to acknowledge and consent to the new lender. No mortgage recording tax or transaction payment was triggered under the ground lease terms.

Document type

Minutes

Source document

Roosevelt Island Operating Corporation Minutes May 14, 2026

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Roosevelt Island Operating Corporation Resolution Authorization to Ratify Documents in Connection with Refinancing of Mortgage for MEPT Octagon LLC 2026-05-14

RATIFIED

NYC-Roosevelt Island Operating Corporation, New York$161,500,000May 14, 2026

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 minutes record.

Where was this contract approved?

This contract appears in Roosevelt Island Operating Corporation Minutes May 14, 2026 (Minutes), dated May 14, 2026 from NYC-Roosevelt Island Operating Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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