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Sage Realty Secures $160 Million Refinance From Wells Fargo For 437 Madison Avenue Office
FINANCED
$160,000,000
New York
See Similar DealsOffice
Financed 04/09/2026
FINANCED
Sage Realty Secures $160 Million Refinance From Wells Fargo For 437 Madison Avenue Office
437 Madison Avenue
See Similar DealsOffice
Financed 04/09/2026
Summary
NEW YORK
Asset Type:Office
Transaction Type:Loan
The property asset involved in this transaction is located at 437 Madison Avenue, in the Manhattan market. This office asset features a 39-story structure and has a loan amount of $160,000,000 from Wells Fargo, which is a refinancing deal replacing a prior loan of $185,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $160,000,000
- Lender: Wells Fargo
- Landlord: Sage Realty
- Previous Loan Amount: $185,000,000
- Date of Transaction: 04/09/2026
This transaction was facilitated by Sage Realty Corp., which took steps to secure the refinancing from Wells Fargo Bank. The deal reflects significant financial activity within the Manhattan office market. Jonathan Iger's involvement in the transaction adds to the professional representation behind this refinancing effort.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$160,000,000.00
Monthly NOI$1,066,666.67
Monthly Debt Service$1,011,308.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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