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Mortgages and Other Loans Payable (Tables) | 12 Months Ended
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Dec. 31, 2019
Mortgages and Other Loans Payable |
Schedule of first mortgages and other loans payable collateralized by the respective properties and assignment of leases | The first mortgages and other loans payable collateralized by the respective properties and assignment of leases or debt investments at December 31, 2019 and 2018, respectively, were as follows (dollars in thousands):
Property |  | Maturity Date |  | Interest Rate (1) |  | December 31, 2019 |  | December 31, 2018
Fixed Rate Debt: |  |  |  |  |  |  |  |  |
762 Madison Avenue |  | February 2022 |  |  | 5.00% |  | $ | 771 |  |  | $ | 771 |
100 Church Street |  | July 2022 |  |  | 4.68% |  | 209,296 |  |  | 213,208 |
420 Lexington Avenue |  | October 2024 |  |  | 3.99% |  | 299,165 |  |  | 300,000 |
400 East 58th Street (2) |  | November 2026 |  |  | 3.00% |  | 39,094 |  |  | 39,931 |
Landmark Square |  | January 2027 |  |  | 4.90% |  | 100,000 |  |  | 100,000 |
485 Lexington Avenue |  | February 2027 |  |  | 4.25% |  | 450,000 |  |  | 450,000 |
1080 Amsterdam (3) |  | February 2027 |  |  | 3.59% |  | 35,123 |  |  | 35,807 |
315 West 33rd Street |  | February 2027 |  |  | 4.17% |  | 250,000 |  |  | 250,000 |
Total fixed rate debt |  |  |  |  |  |  | $ | 1,383,449 |  |  | $ | 1,389,717 |
Floating Rate Debt: |  |  |  |  |  |  |  |  |
FHLB Facility (4) |  | January 2020 |  | L+ | 0.26% |  | $ | 10,000 |  |  | $ | — |
FHLB Facility (5) |  | February 2020 |  | L+ | 0.32% |  | 15,000 |  |  | — |
FHLB Facility |  | June 2020 |  | L+ | 0.17% |  | 14,500 |  |  | — |
2017 Master Repurchase Agreement |  | June 2020 |  | L+ | 2.19% |  | 152,684 |  |  | 300,000 |
133 Greene Street |  | August 2020 |  | L+ | 2.00% |  | 15,523 |  |  | 15,523 |
106 Spring Street |  | January 2021 |  | L+ | 2.50% |  | 38,025 |  |  | — |
609 Fifth Avenue |  | March 2021 |  | L+ | 2.40% |  | 53,773 |  |  | — |
185 Broadway (6) |  | November 2021 |  | L+ | 2.85% |  | 120,110 |  |  | 111,869 |
712 Madison Avenue |  | December 2021 |  | L+ | 1.85% |  | 28,000 |  |  | 28,000 |
410 Tenth Avenue (7) |  | May 2022 |  | L+ | 2.23% |  | 330,819 |  |  | — |
719 Seventh Avenue |  | September 2023 |  | L+ | 1.20% |  | 50,000 |  |  | 50,000 |
FHLB Facility (8) |  |  |  |  |  |  | — |  |  | 13,000 |
115 Spring Street (9) |  |  |  |  |  |  | — |  |  | 65,550 |
FHLB Facility (10) |  |  |  |  |  |  | — |  |  | 14,500 |
Total floating rate debt |  |  |  |  |  |  | $ | 828,434 |  |  | $ | 598,442 |
Total mortgages and other loans payable |  |  |  |  |  |  | $ | 2,211,883 |  |  | $ | 1,988,159 |
Deferred financing costs, net of amortization |  |  |  |  |  |  | (28,630 | ) |  | (26,919 | )
Total mortgages and other loans payable, net |  |  |  |  |  |  | $ | 2,183,253 |  |  | $ | 1,961,240 |
(1) | Interest rate as of December 31, 2019, taking into account interest rate hedges in effect during the period. Floating rate debt is presented with the stated interest rate spread over 30-day LIBOR, unless otherwise specified.
(2) | The loan carries a fixed interest rate of 300 basis points for the first five years and is prepayable without penalty at the end of year five.
(3) | The loan is comprised of a $34.2 million mortgage loan and $0.9 million mezzanine loan with a fixed interest rate of 350 basis points and 700 basis points, respectively, for the first five years and is prepayable without penalty at the end of year five.
(4) | In January 2020, the loan was repaid and a new advance was drawn in the amount of $10.0 million with a spread of 16.5 basis points.
(5) | In February 2020, the loan was repaid and a new advance was drawn in the amount of $15.0 million with a spread of 26.0 basis points.
(6) | This loan is a $225.0 million construction facility, with reductions in interest cost based on meeting certain conditions, and has an initial three year term with two one year extension options. Advances under the loan are subject to incurred costs and funded equity requirements.
(7) | This loan is a $465.0 million construction facility, with reductions in interest cost based on meeting certain conditions, and has an initial three year term with two one year extension options. Advances under the loan are subject to incurred costs and funded equity requirements.
(8) | In August 2019, the loan was repaid.
(9) | In August 2019, the Company sold a 49% interest in the property to a private investor. The transaction resulted in the deconsolidation of our remaining 51% interest. See Note 6, "Investments in Unconsolidated Joint Ventures."
(10) In December 2019, the loan was repaid.

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