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Report: Silverstein Properties to get $800M loan for ABC's NYC HQ buy

Silverstein Properties Inc. is set to receive an approximately $800 million loan from Deutsche Bank to fund its roughly $1 billion acquisition of Walt Disney Co. unit ABC Inc.'s headquarters in New York City, The Real Deal reported, citing unnamed sources.

The property developer, which is likely to demolish the existing buildings at the complex, including the 22-story, 420,000-square-foot building at 77 W. 66th St., is expected to close the acquisition in July, the report added, citing the sources.

The property and financing transactions are being brokered by Eastdil Secured, the report said, adding that Silverstein and Eastdil representatives declined to comment on the matter, while Disney could not be reached.