facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Loan

/

1250 Broadway

Wells Fargo Provides $450M Refinance Loan To Global Holdings For Manhattan Office At 1250 Broadway
FINANCEDOffice

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

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:

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.

Players

Ethan Pond

Eastdil Secured

Broker

$13.3B

vol

28 deals

Broker
Wells Fargo
Wells FargoLender
Global Holdings
Global HoldingsLandlord

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

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