Rothesay & ING Provide $800 Million Refinance Loan To The Olayan Group For 550 Madison Avenue
550 Madison Avenue
$800,000,000
$972/SF
Building Size
823,001 SF
Asset Type
Office
Closing
Feb 13, 2026
AI
The asset involved in this transaction is an office property located at 550 Madison Avenue in Midtown Manhattan, encompassing 823,001 square feet. The transaction reflects a loan amount of $800,000,000 and is categorized as a refinance loan.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $800,000,000
- Loan Type: Refinance
- Lender: Rothesay & ING
- Landlord: The Olayan Group
- Date: 2/13/2026
- Brokers: Drew Fletcher, Jesse Kopecky & Bryan Grover - Greystone; Gideon Gil, Alexander Hernandez, Meredith Donovan, John Alascio, Alex Lapidus Okin, Zackary Kraft & Cecelia Galligan - Cushman & Wakefield
The deal features a range of key individuals contributing to the transaction, including brokers from two agencies: Greystone and Cushman & Wakefield. Drew Fletcher, Jesse Kopecky, and Bryan Grover represent Greystone, while Gideon Gil, Alexander Hernandez, Meredith Donovan, John Alascio, Alex Lapidus Okin, Zackary Kraft, and Cecelia Galligan are associated with Cushman & Wakefield.
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
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93