Wells Fargo Provides $450M Refinance Loan To Global Holdings For Manhattan Office At 1250 Broadway
1250 Broadway
$450,000,000
Building Size
—
Asset Type
Office
Closing
Feb 19, 2026
About this deal
AI
The property asset involved in the transaction is located at 1250 Broadway in Manhattan. It is classified as an office asset and the loan amount associated with it is $450,000,000. The transaction pertains to a refinance loan provided by Wells Fargo.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $450,000,000
- Lender: Wells Fargo
- Landlord: Global Holdings
- Brokers: Grant Frankel, Rob Turner & Ethan Pond - Eastdil Secured
- Loan Type: Refinance
Key individuals involved in the transaction include Grant Frankel, Rob Turner, and Ethan Pond, who served as brokers representing the deal through Eastdil Secured. The landlord of the property is Global Holdings, which plays a significant role as the owner in this transaction.
On the Map
$450,000,000
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93