NEW YORK, Nov. 25, 2025 — Safehold Inc. (referred to as “the Company” or “Safehold”) (NYSE: SAFE) today disclosed the successful completion of a $400 million unsecured term loan. This new term loan facility features a fully extended maturity date of November 15, 2030, which incorporates two options for twelve-month extensions. According to the loan’s provisions, Safehold’s prevailing A3 / A- / A- credit ratings allow for a borrowing interest rate set at SOFR plus 90 basis points. The Company has also established a SOFR swap with a 3.0% strike rate through April 2028 to hedge this particular transaction.
The funds obtained will be allocated toward debt repayment and for general corporate requirements. Safehold recently settled $227 million of secured debt that was scheduled for 2027, thereby unencumbering the twelve ground lease assets that had previously served as collateral. This new unsecured term loan effectively replaces that capital and elevates the Company’s available liquidity to $1.3 billion.
“This financing represents a highly favorable outcome for Safehold, enhancing our liquidity and proactively addressing our nearest-term maturity with flexible, unsecured capital,” stated Brett Asnas, Chief Financial Officer. He added, “We highly value the confidence and support of our banking partners and are convinced that Safehold’s distinctively long-term and laddered balance sheet positions us optimally to deliver attractive capital solutions to our customers and generate substantial value for our shareholders.”
JPMorgan Chase Bank, N.A. performed the role of Administrative Agent. JPMorgan Chase Bank, N.A., Bank of America, N.A., Goldman Sachs Bank USA, Mizuho Bank, Ltd., Royal Bank of Canada, and Truist Securities, Inc. acted jointly as Bookrunners and Lead Arrangers.
About Safehold:
Safehold Inc. (NYSE: SAFE) is transforming real estate ownership by offering property owners an innovative and superior method to unlock the value inherent in the land beneath their structures. Having pioneered the modern ground lease industry in 2017, Safehold continues to assist owners of high-quality multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties in achieving higher returns with diminished risk. The Company, which is structured as a real estate investment trust (REIT) for tax purposes, aims to deliver secure, increasing income and long-term capital appreciation to its shareholders. Additional information regarding Safehold is accessible on its website at .
Company Contact:
Pearse Hoffmann
Senior Vice President
Head of Corporate Finance
T 212.930.9400
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SOURCE Safehold