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

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:

• Property Type: Office
• Transaction Amount: $1,400,000,000
• Address: 11 Madison Avenue
• Market: Manhattan
• Lender: Wells Fargo, J.P. Morgan Chase, Bank of America, Goldman Sachs, German American Capital, Bank of Montreal
• Landlord: Marc Holliday - SL Green, Jacques Chappuis - PGIM

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.