Sumitomo Mitsui Mortgage on Riverwalk 7 to Be Replaced | NYC-Roosevelt Island Operating Corporation | SUMITOMO MITSUI BANKING CORPORATION

Sumitomo Mitsui Mortgage on Riverwalk 7 to Be Replaced

The existing $63 million leasehold mortgage held by Sumitomo Mitsui Banking Corporation on Riverwalk 7 will be refinanced and effectively terminated through the new Wells Fargo Bank, National Association loan. RIOC’s approval of refinancing documents facilitates this payoff and replacement.

Document date · June 23, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$63,000,000 (current outstanding balance)

Contract type

FINANCIAL_SERVICES

Renewal

Existing mortgage is being refinanced and replaced by the new Wells Fargo facility; no further renewal under this facility is contemplated.

Document type

Resolution

Source document

Roosevelt Island Operating Corporation Resolution Authorization to Approve Documents Delivered in Connection with Refinancing of Mortgages for Riverwalk 7, LLC and Riverwalk 9, LLC 2026-06-23

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?

Sumitomo Mitsui Banking Corporation was awarded this financial services contract by NYC-Roosevelt Island Operating Corporation, as recorded on June 23, 2026. The contract value is $63,000,000 (current outstanding balance).

How much is the Sumitomo Mitsui Banking Corporation contract with NYC-Roosevelt Island Operating Corporation worth?

The Sumitomo Mitsui Banking Corporation contract with NYC-Roosevelt Island Operating Corporation is valued at $63,000,000 (current outstanding balance), 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 Approve Documents Delivered in Connection with Refinancing of Mortgages for Riverwalk 7, LLC and Riverwalk 9, LLC 2026-06-23 (Resolution), dated June 23, 2026 from NYC-Roosevelt Island Operating Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sumitomo Mitsui Banking Corporation hold?

Sumitomo Mitsui Banking Corporation 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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What is NYC-Roosevelt Island Operating Corporation currently buying?

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