NEW YORK, August 20, 2025 –– White Oak Real Estate Capital (“WOREC”), an affiliate of White Oak Global Advisors (“White Oak”) today announced it has provided a $51 million senior secured loan to a wholly owned subsidiary of Xin Capital for the acquisition of Times Square West, a 144.5k square foot mixed-use assemblage containing 17.5k square feet of ground-level retail and 127k square feet of newly renovated office space in New York City.
The building, located at 303 W 42nd St and 300 W 43rd St, was extensively renovated from 2021 to 2023 by the previous owner and is divided into two retail and two office condominiums.
Both retail condominiums are 100% leased to globally recognized brands with long-term commitments, including Chick-fil-A, Smashburger, 7-Eleven, Dunkin Donuts, and Little Italy Pizza. In the office condominium, Xin Capital has secured a long term, Master Lease with a global Food and Beverage operator for 100% of the rentable space.
“We are thrilled to collaborate with Xin to facilitate the acquisition of this property and bridging them through the transformation of the vacant office space into a dynamic, high-traffic destination for world-class food and retail experiences,” said Eric Tanjeloff, Managing Principal at White Oak Real Estate Capital. “The property’s strong cash flows and prime tenancies provide a compelling opportunity for our investors.”
“We are very pleased with WOREC’s execution on this financing which allowed us to take advantage of what we believe is a once in a lifetime opportunity to buy undervalued assets in Manhattan,” said Jerry Tang, Founder of Xin Capital.
This transaction follows the recent $46.2M senior secured loan to Related Companies for the Village at Tuxedo Reserve and the $27.2M senior secured loan to 1784 Holdings for self-storage development in Garden Grove, California, underscoring WOREC’s continued momentum in delivering real estate financing solutions in strong markets across the country.