In an effort to bolster its cash holdings, SL Green Realty (SLG -6.0%) is in advanced talks to sell at least two loans on New York properties, Bloomberg reports, citing people with knowledge of the matter.

SLG is negotiating to sell a $25M junior mezzanine loan related to a Manhattan office in the West Village to Rockwood Capital and a $71.5M mezzanine loan position backing Brooklyn's Industry City to CIM Group.

The junior mezzanine loan pays an interest rate of 7.6%% and the loan on the Industry City property pays at least 7.5% and has only been funded up to $54.1M.

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