GDSNY's GDS Brightstar Platform Receives Full $34.25M Loan Repayment at 76 8th Avenue Manhattan Office Asset

G4 Capital Partners has sold 76 8th Avenue in Manhattan's Meatpacking District, triggering the full repayment of a $34.25 million senior loan to GDSNY's GDS Brightstar lending platform and its lending partners Oaknorth and Sabal, the firm announced April 11, 2026.

The property, a 40,000-square-foot boutique Class A office asset located in the Meatpacking District, was 100% leased at the time of the sale, according to GDSNY. The loan repayment closes out the commercial real estate financing arrangement in full.

Transaction and Property Details

The senior loan on the 76 8th Avenue asset was originated by GDS Brightstar — GDSNY's lending platform — alongside lending partners Oaknorth and Sabal. The $34,250,000 loan was structured as a senior debt facility on the Meatpacking District office property.

The 40,000-square-foot building at 76 8th Avenue is described as a boutique Class A office asset. The property was fully leased at the time of sale. The sale price and other financial terms of the disposition were not disclosed.

The borrower, G4 Capital Partners, sold the Manhattan asset and used the proceeds to retire the outstanding loan balance in its entirety. GDSNY noted the successful outcome in its announcement, stating the loan was "paid off" following the property sale.

Parties Involved

The commercial real estate financing on 76 8th Avenue involved three lenders on the debt side: GDS Brightstar (GDSNY) as lead lender, with Oaknorth and Sabal serving as lending partners. G4 Capital Partners held the borrower position throughout the loan term. The borrower's successful sale and full loan repayment concludes the lending relationship on the asset.

Terms including the sale price, loan origination date, loan term, and interest rate were not disclosed in the announcement.

Sources

GDSNY – $34,250,000.00 Loan Paid Back to GDSNY at 76 8th Avenue, NYC Office & Retail Asset (April 11, 2026)