SL Green Realty, National Pension Service Of Korea & Hines Secure $1.25B Loan For Mixed Use Property At 1 Madison Avenue

1 Madison Avenue, located in the Flatiron market, was involved in a closed property transaction. The mixed-use asset was financed by Wells Fargo, TD Bank, Goldman Sachs, Bank of America, Deutsche Bank, and Axos Bank, with a loan amount of $1,250,000,000. The property has a total square footage of 1,400,000 and is owned by SL Green Realty, National Pension Service of Korea, and Hines.

Summary of transaction details

• Property Type: Mixed Use
• Transaction Amount: $1,250,000,000
• Address: 1 Madison Avenue
• Market: Flatiron
• Lenders: Wells Fargo, TD Bank, Goldman Sachs, Bank of America, Deutsche Bank, and Axos Bank
• Landlords: SL Green Realty, National Pension Service of Korea, and Hines
• BSF: 1,400,000

The deal involved Andrew Mathias, David Solomon, and Marc Holliday. Andrew Mathias, David Solomon, and Marc Holliday represent the respective parties in the transaction.