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

Property Image
FINANCED
$800,000,000
Meredith Donovan
John Alascio
+ 7

New York

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Office823,001 SF
Financed
the dealplayerscompscontact
Property Image
FINANCED

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

550 Madison Avenue

See Similar Deals
Office823,001 SF
Financed
Meredith Donovan
John Alascio
+ 7
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$972
Total Square Footage:823001 SF
Transaction Type:Loan

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 (Alex) Hernandez
27 deals$7.7B volume(212) 841-9237
BROKER

Alex Lapidus Okin
Cushman & Wakefield
28 deals$7.7B volume(212) 841-9239
BROKER

Bryan Grover
Greystone
32 deals$5.7B volume(914) 450-5729
BROKER

John Alascio
Cushman & Wakefield
56 deals$5.3B volume
BROKER

Drew Fletcher
Greystone
37 deals$6.5B volume
BROKER

Gideon Gil
Cushman & Wakefield
48 deals$11.1B volume
BROKER

Meredith Donovan
Cushman & Wakefield
18 deals$4B volume
BROKER

Jesse Kopecky
Greystone
12 deals$2.1B volume(973) 978-2186
BROKER

Cecelia Galligan
Cushman & Wakefield
6 deals$1.9B volume
BROKER

Zackary Kraft
Cushman & Wakefield
5 deals$1.2B volume(312) 470-1800
BROKER

Rothesay Life
LENDER

Details

FINANCED
IMAGE: Jesse Kopecky, Bryan Grover, Drew Fletcher, Cecelia Galligan, Gideon Gil, Zackary Kraft, John Alascio, Alex Lapidus Okin, Alexander Hernandez & Meredith Donovan DATE: 2/13/2026 ADDRESS: 550 Madison Avenue MARKET: Midtown Manhattan ASSET TYPE: Office ~ SF: 823,001 LENDER: Rothesay & ING LANDLORD: The Olayan Group BROKERS: Drew Fletcher, Jesse Kopecky & Bryan Grover (@Bryan.Grover) - Greystone; Gideon Gil, Alexander Hernandez, Meredith Donovan, John Alascio, Alex Lapidus Okin, Zackary Kraft & Cecelia Galligan - Cushman & Wakefield (@CushWake) LOAN AMOUNT: $800,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$800,000,000.00

Monthly NOI$5,333,333.33
Monthly Debt Service$5,056,544.19
Change in Cash Flow$0.00
Refinance Proceeds$0.00