GDSNY's GDS Brightstar Receives Full Repayment on $50M Senior Loan at 114 Crosby Boutique Office in Manhattan

The borrower at 114 Crosby Street — also known as 580 Broadway — in Manhattan has successfully refinanced the property and fully repaid the loan issued by GDSNY's lending platform GDS Brightstar, the firm announced March 14, 2026. The repaid obligation totaled $50 million in senior debt, which was co-originated with lending partners Maxim Capital and Sabal.

Loan Paid Back to GDSNY at Manhattan Office and Retail Asset

The 144,000-square-foot boutique Class A office and retail asset is 100 percent leased, according to the announcement. The borrower's successful refinancing and full repayment marks a complete exit for the lending consortium. No additional details regarding the timeline of the original loan or the terms of the refinancing were disclosed in the announcement.

The senior loan was originated through GDS Brightstar, GDSNY's commercial real estate financing platform, with Maxim Capital and Sabal participating as syndicate lenders. No additional financial terms — including interest rate, loan-to-value ratio, or loan term — were disclosed.

GDSNY's Commercial Real Estate Financing Platform

GDSNY's GDS Brightstar lending platform originated the senior loan on the 114 Crosby / 580 Broadway property. The full repayment of the senior loan represents a closed chapter in GDSNY's lending portfolio.