Global Holdings Secures $249.15 Million Loan From Freddie Mac And Wells Fargo For Multifamily Asset
10 East 29th Street
$249,147,000
$629/SF
Building Size
395,956 SF
Asset Type
MultiFamily
Closing
Aug 28, 2025
AI
The asset involved in this transaction is a multifamily property located at Anagram Nomad - 10 East 29th Street in Manhattan. It encompasses a total square footage of 395,956 and consists of 392 units.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $249,147,000
- Lender: Freddie Mac & Wells Fargo Multifamily Capital
- Landlord: Global Holdings
- Brokers: Christopher Peck, Peter Rotchford, Rob Hinckley, Nicco Lupo & Christopher Pratt - JLL
- Loan Type: Agency financing
- Date: 8/29/2025
The brokers representing this transaction include Christopher Peck, Peter Rotchford, Rob Hinckley, Nicco Lupo, and Christopher Pratt, all affiliated with JLL. Their involvement facilitates the financing process between the landlord, Global Holdings, and the lenders, Freddie Mac and Wells Fargo Multifamily Capital.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93