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Mortgages and Other Loans Payable (Tables) | 9 Months Ended
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Sep. 30, 2020
Mortgages and Other Loans Payable |
Schedule of first mortgages and other loans payable collateralized by the respective properties and assignment of leases | The mortgages and other loans payable collateralized by the respective properties and assignment of leases or debt investments at September 30, 2020 and December 31, 2019, respectively, were as follows (dollars in thousands):
Property |  | Initial Maturity Date | Final Maturity Date (1) |  | Interest Rate (2) |  | September 30, 2020 |  | December 31, 2019
Fixed Rate Debt: |  |  |  |  |  |  |  |  |  |
100 Church Street |  | July 2022 | July 2022 |  |  | 4.68% |  | $ | 206,013 |  |  | $ | 209,296 |
420 Lexington Avenue |  | October 2024 | October 2040 |  |  | 3.99% |  | 295,355 |  |  | 299,165 |
Landmark Square |  | January 2027 | January 2027 |  |  | 4.90% |  | 100,000 |  |  | 100,000 |
485 Lexington Avenue |  | February 2027 | February 2027 |  |  | 4.25% |  | 450,000 |  |  | 450,000 |
1080 Amsterdam (3) |  | February 2027 | February 2027 |  |  | 3.59% |  | 34,773 |  |  | 35,123 |
762 Madison Avenue (4) |  |  |  |  |  |  |  | — |  |  | 771 |
315 West 33rd Street (5) |  |  |  |  |  |  |  | — |  |  | 250,000 |
400 East 58th Street |  |  |  |  |  |  |  |  |  | 39,094 |
Total fixed rate debt |  |  |  |  |  |  |  | $ | 1,086,141 |  |  | $ | 1,383,449 |
Floating Rate Debt: |  |  |  |  |  |  |  |  |  |
133 Greene Street |  | (6) | (6) |  | L+ | 2.00% |  | $ | 15,523 |  |  | $ | 15,523 |
106 Spring Street |  | January 2021 | January 2022 |  | L+ | 2.50% |  | 38,025 |  |  | 38,025 |
FHLB Facility |  | January 2021 | January 2021 |  | L+ | 0.28% |  | 10,000 |  |  | — |
FHLB Facility |  | January 2021 | January 2021 |  | L+ | 0.23% |  | 15,000 |  |  | — |
FHLB Facility |  | January 2021 | January 2021 |  | L+ | 0.18% |  | 35,000 |  |  | — |
609 Fifth Avenue |  | March 2021 | March 2024 |  | L+ | 2.40% |  | 57,651 |  |  | 53,773 |
185 Broadway (7) |  | November 2021 | November 2023 |  | L+ | 2.85% |  | 144,448 |  |  | 120,110 |
712 Madison Avenue |  | December 2021 | December 2022 |  | L+ | 1.85% |  | 28,000 |  |  | 28,000 |
220 East 42nd Street |  | June 2023 | June 2025 |  | L+ | 2.75% |  | 510,000 |  |  | — |
410 Tenth Avenue (8) |  | August 2023 | August 2025 |  | L+ | 2.25% |  | 434,934 |  |  | 330,819 |
719 Seventh Avenue |  | September 2023 | September 2023 |  | L+ | 1.20% |  | 50,000 |  |  | 50,000 |
2017 Master Repurchase Agreement (9) |  |  |  |  |  |  |  | — |  |  | 152,684 |
FHLB Facility |  |  |  |  |  |  |  | — |  |  | 10,000 |
FHLB Facility |  |  |  |  |  |  |  | — |  |  | 15,000 |
FHLB Facility |  |  |  |  |  |  |  | — |  |  | 14,500 |
Total floating rate debt |  |  |  |  |  |  |  | $ | 1,338,581 |  |  | $ | 828,434 |
Total mortgages and other loans payable |  |  |  |  |  |  |  | $ | 2,424,722 |  |  | $ | 2,211,883 |
Deferred financing costs, net of amortization |  |  |  |  |  |  |  | (32,978) |  |  | (28,630) |
Total mortgages and other loans payable, net |  |  |  |  |  |  |  | $ | 2,391,744 |  |  | $ | 2,183,253 |
(1)Reflects exercise of all available extension options. The ability to exercise extension options may be subject to certain tests based on the operating performance of the property. (2)Interest rate as of September 30, 2020, taking into account interest rate hedges in effect during the period. Floating rate debt is presented with the stated spread over the 30-day LIBOR, unless otherwise specified. (3)The loan is comprised of a $33.9 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 fifth year. (4)In January 2020, the Company closed on the acquisition of the remaining 10% interest in this property from our joint venture partner. As part of this transaction, the loan was repaid. (5)In March 2020, the loan was assumed by the buyer in connection with the sale of the property. (6)This loan matured in August 2020. The Company is in discussions with the lender on resolution. (7)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. (8)This loan is a $600.0 million construction facility 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. (9)In June 2020, we exercised a one-year extension option which extended the maturity date to June 2021. At September 30, 2020, there was no outstanding balance on the $400 million facility.

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