W
hite Oak Real Estate Capital, an affiliate of White Oak Global Advisors, has provided a $51 million senior secured loan to Xin Capital for the acquisition of Times Square West. This 144.5k square foot mixed-use property in New York City features 17.5k square feet of retail space and 127k square feet of newly renovated office space.

    The building, located at 303 W 42nd St and 300 W 43rd St, was extensively renovated from 2021 to 2023. The retail condominiums are fully leased to well-known brands with long-term commitments, while the office condominium has a long-term Master Lease with a global Food and Beverage operator.

    "We're excited to support Xin Capital in acquiring this property," said Eric Tanjeloff, Managing Principal at White Oak Real Estate Capital. "The property's strong cash flows and prime tenancies make it an attractive opportunity for our investors."

    This transaction follows recent financing deals by WOREC, including a $46.2M loan to Related Companies and a $27.2M loan to 1784 Holdings. White Oak Real Estate Capital specializes in originating bespoke financing solutions secured by transitional assets across the US.

    White Oak Global Advisors is an alternative debt manager that provides financing solutions to small and middle market enterprises. The firm has deployed over $11 billion since its inception in 2007 and has established long-term partnerships with borrowers worldwide.