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北京时间·🕒 发布 04:20:29时区推断·⟳ 抓取 04:22:03·⚡ 决策 07-29 04:23:59 +1m56s·90.8 天前
BXP为曼哈顿343 Madison办公楼项目取得12亿美元建设贷款
12亿美元建设贷款降低343 Madison项目融资风险，但项目预计2029年交付，短线盈利传导较慢。
📄 原文Investing.com↗ 原文
BXP secures $1.2 billion loan for Manhattan office tower
Dow, S&P 500 end higher on extended oil slide, solid earnings while Nasdaq falls NEW YORK - BXP, Inc. (NYSE:BXP) closed…
不做 BXP（BXP.US）
贷款落地对项目去风险偏正面，但343 Madison融资和预租进展已在此前披露中形成预期，且2029年交付、无即时FFO或租赁超预期增量，盘后不追。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
消息传播链
- BXP已公告Starr签署约27.5万平方英尺租约，343 Madison约30%面积获得锚定租户。
- BXP年报披露343 Madison已开工、约29%预租，并正在寻找财务伙伴和建设融资。
- BXP公告McDermott签署约15万平方英尺租约，并称项目预租比例升至56%，本次贷款正文中的约50%预租不是全新信息。
- Investing.com报道BXP取得12亿美元四年期建设贷款，利率为Term SOFR+2.50%，达成里程碑后降至+2.25%。市场反应:美股已收盘，无法用连续盘中成交表达短线反应。
关键理由
- 12亿美元建设贷款降低343 Madison项目融资风险，但项目预计2029年交付，短线盈利传导较慢。
- 该项目50%以上预租赁进展已在1月Starr租约和6月McDermott租约中逐步披露，本次更像融资落地而非新增需求爆发。
- BXP在此前业绩沟通中已表示2026年计划完成343 Madison资本重组，贷款落地符合既有路径。
主要风险
- 办公REIT对利率和融资成本敏感，Term SOFR+2.50%的建设贷款改善可得性但不等于立即提升FFO。
- 该项目仍有约一半面积待出租，且到2029年交付前仍面临租赁、施工和利率波动风险。
反向证据
- 做多前查反向 · 来源 web · 日期 2026-02-20 · 影响 weakens
公司此前已在业绩材料中表示计划在2026年完成343 Madison资本重组，并已与建设贷款方有建设性讨论，削弱贷款落地的意外性。
检索:BXP 343 Madison financing already expected construction loan 2026 recapitalization 原文 ↗ - 做多前查反向 · 来源 web · 日期 2026-06-16 · 影响 weakens
主要租赁去风险已在6月公告中体现，本次融资新闻没有新增大面积租户或FFO指引上修。
检索:BXP 343 Madison pre-leased McDermott Starr 56% June 2026 原文 ↗
原文全文
展开原文 · 1,744 字
Dow, S&P 500 end higher on extended oil slide, solid earnings while Nasdaq falls
NEW YORK - BXP, Inc. (NYSE:BXP) closed a $1.2 billion construction loan for 343 Madison Avenue, a 46-story office tower under development in Midtown Manhattan, according to a press release statement.
The construction loan has a four-year initial term with a one-year extension option. The financing carries an initial interest rate of Term SOFR plus 2.50%, which will be reduced to Term SOFR plus 2.25% upon achievement of certain leasing and construction milestones.
The planned tower will comprise approximately 930,000 square feet and will have direct access to Grand Central Terminal’s Madison Concourse. BXP expects to deliver the project in late 2029.
The building is approximately 50% pre-leased, with discussions for additional commitments underway, the company stated.
Wells Fargo Bank, N.A. served as Administrative Agent for the financing. BofA Securities, Inc., The Bank of New York Mellon Corporation, and JPMorgan Chase Bank, N.A. acted as Joint Lead Arrangers.
The development is designed by Kohn Pedersen Fox and will feature a fully electric design with zero on-site combustion. The company is targeting LEED Platinum, Well Core, Energy Star 85+, Fitwel, and WiredScore Platinum certifications.
BXP is a real estate investment trust that develops and manages office properties in six U.S. markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. As of June 30, 2026, the company’s portfolio totaled 51.1 million square feet across 164 properties, including six properties under construction or redevelopment.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
NEW YORK - BXP, Inc. (NYSE:BXP) closed a $1.2 billion construction loan for 343 Madison Avenue, a 46-story office tower under development in Midtown Manhattan, according to a press release statement.
The construction loan has a four-year initial term with a one-year extension option. The financing carries an initial interest rate of Term SOFR plus 2.50%, which will be reduced to Term SOFR plus 2.25% upon achievement of certain leasing and construction milestones.
The planned tower will comprise approximately 930,000 square feet and will have direct access to Grand Central Terminal’s Madison Concourse. BXP expects to deliver the project in late 2029.
The building is approximately 50% pre-leased, with discussions for additional commitments underway, the company stated.
Wells Fargo Bank, N.A. served as Administrative Agent for the financing. BofA Securities, Inc., The Bank of New York Mellon Corporation, and JPMorgan Chase Bank, N.A. acted as Joint Lead Arrangers.
The development is designed by Kohn Pedersen Fox and will feature a fully electric design with zero on-site combustion. The company is targeting LEED Platinum, Well Core, Energy Star 85+, Fitwel, and WiredScore Platinum certifications.
BXP is a real estate investment trust that develops and manages office properties in six U.S. markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. As of June 30, 2026, the company’s portfolio totaled 51.1 million square feet across 164 properties, including six properties under construction or redevelopment.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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