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550 Madison Avenue

Rothesay & ING Provide $800 Million Refinance Loan To The Olayan Group For 550 Madison Avenue
FINANCEDOffice

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:

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

Alexander Hernandez

Cushman & Wakefield

Broker

$7.7B

vol

27 deals

Broker
Rothesay Life
Rothesay LifeLender

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