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Marc Holliday Of SL Green And Jacques Chappuis Of PGIM Close $1.4B Loan At 11 Madison Avenue

Property Image
FINANCED
$1,400,000,000

New York

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Office2,300,000 SF
Financed 09/12/2025
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Property Image
FINANCED

Marc Holliday Of SL Green And Jacques Chappuis Of PGIM Close $1.4B Loan At 11 Madison Avenue

11 Madison Avenue

See Similar Deals
Office2,300,000 SF
Financed 09/12/2025
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$608
Total Square Footage:2,300,000 SF
Transaction Type:Loan

The asset involved in the transaction is an office property located at 11 Madison Avenue, Manhattan, encompassing 2,300,000 square feet. The loan amount for this property is $1,400,000,000, which is structured as a fixed-rate mortgage.

Summary of transaction details:

The key individuals in this transaction include Marc Holliday, representing SL Green, and Jacques Chappuis, representing PGIM Real Estate. The loan’s proceeds are being utilized to repay debt and fund tenant improvements. Additionally, Trimont serves as the special servicer for this loan.

Players

German American Capital
German American Capital
LENDER
Bank of America
Bank of America
LENDER
Goldman Sachs
Goldman Sachs
LENDER
Wells Fargo
Wells Fargo
LENDER
Bank of Montreal (BOM)
Bank of Montreal (BOM)
LENDER
J.P. Morgan Chase
J.P. Morgan Chase
LENDER
Marc Holliday
SL Green
Marc Holliday
39 deals$9.6B volume
LANDLORD
PGIM
PGIM
LANDLORD
SL Green
SL Green
LANDLORD

Details

FINANCED
IMAGE: Marc Holliday & Jacques Chappuis DATE: 09/12/2025 ADDRESS: 11 Madison Avenue MARKET: Manhattan ASSET TYPE: Office ~ SF: 2,300,000 LENDER: Wells Fargo (@WellsFargo), J.P. Morgan Chase (@JPMorgan), Bank of America (@BankofAmerica) & Goldman Sachs (@GoldmanSachs), German American Capital & Bank of Montreal (@BMO_US) LANDLORD: Marc Holliday - SL Green (@SLGreen_Realty) & Jacques Chappuis - PGIM (@PGIM) LOAN AMOUNT: $1,400,000,000 NOTE: SL Green and PGIM Real Estate are closing a $1.4B fixed-rate mortgage for 11 Madison Avenue in Manhattan, using proceeds to repay debt and fund tenant improvements; the loan is originated by Wells Fargo, JPMorgan, BofA, Goldman Sachs, German American Capital, and BMO, with Trimont as special servicer.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,400,000,000.00

Monthly NOI$9,333,333.33
Monthly Debt Service$8,848,952.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00