$1.4 Billion Refinance Secured By SL Green And PGIM Real Estate At 11 Madison Avenue

The asset involved in this transaction is an office property located at 11 Madison Avenue in the Flatiron District, comprising 2,300,000 square feet. The transaction entails a refinance loan amounting to $1,400,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,400,000,000
• Address: 11 Madison Avenue
• Market: Flatiron District
• Lender: Charles Scharf - Wells Fargo, Jamie Dimon - J.P. Morgan Chase, Brian Moynihan - Bank of America, David Solomon - Goldman Sachs, Christian Sewing - Deutsche Bank, Darryl White - Bank of Montreal
• Landlord: Marc Holliday & Harrison Sitomer - SL Green, Jacques Chappuis - PGIM Real Estate
• Landlord's Representatives: Jordan Roeschlaub, Nick Scribani, John Caraviello - Newmark; Thomas Traynor, Tom Rugg & Henry Fenmore - CBRE

This refinancing deal involves significant players in the financial sector, indicating a collective decision by major lenders. The involvement of multiple financial institutions such as Wells Fargo, J.P. Morgan Chase, and others denotes a collaborative effort in financing this asset. Additionally, the landlord representation by firms Newmark and CBRE showcases the competitive advantage and expertise in managing this substantial asset.