Safehold Secures $400 Million Unsecured Term Loan for Growth

Safehold Secures $400 Million Unsecured Term Loan

On November 25, 2025, Safehold Inc. (NYSE: SAFE) revealed the closing of a significant $400 million unsecured term loan, marking a strategic financial move to bolster its liquidity and address upcoming financial obligations. This new loan features a fully extended maturity date set for November 15, 2030, along with two twelve-month extension options, providing Safehold with ample flexibility in managing its financial strategy.

With the company enjoying favorable credit ratings of A3/A-/A-, the loan comes with an appealing borrowing rate pegged to SOFR (Secured Overnight Financing Rate) plus 90 basis points. In conjunction with this new financing, Safehold has put in place a SOFR swap at a 3.0% strike rate, effectively hedging its exposure until April 2028.

The proceeds from this loan will primarily be directed toward repaying existing debts and supporting general corporate purposes. Notably, Safehold recently concluded the repayment of $227 million in secured debt due by 2027. This move liberates twelve ground lease assets that had previously served as collateral, showcasing the company’s commitment to financial prudence and operational efficiency.

Brett Asnas, Chief Financial Officer of Safehold, expressed optimism about the financing, stating, "This financing represents a strong outcome for Safehold, increasing liquidity and proactively addressing our nearest-term maturity with flexible unsecured capital.” He further acknowledged the invaluable support from their banking partners and emphasized that Safehold’s unique long-term asset structure positions the company favorably to deliver competitive capital solutions for clients while also maximizing shareholder value.

In terms of structuring, JPMorgan Chase Bank, N.A. plays a pivotal role as the Administrative Agent, along with other notable financial institutions such as Bank of America and Goldman Sachs who act as Joint Bookrunners and Joint Lead Arrangers for this deal.

About Safehold Inc.

Safehold Inc. is at the forefront of reshaping real estate ownership through innovative solutions that allow property owners to unlock the intrinsic value of their land holdings. Since establishing the modern ground lease industry in 2017, the company has been instrumental in facilitating the financial success of property owners in various sectors, including multifamily residential, commercial, industrial, and healthcare properties. As a publicly-traded entity classified as a real estate investment trust (REIT), Safehold aims to ensure stable and growing returns for its shareholders while pursuing long-term capital growth.

For more details about the company and its initiatives, visit Safehold's website.