Signature Bank Provides $120M Refinance Loan For Office Building On Fifth Avenue
350 Madison Avenue
Office
400,000 SF
400,000 SF
Financed 1 year ago
Summary
Located at 551 Fifth Avenue in the Grand Central area of Manhattan, this office property has recently undergone a significant transaction. The asset spans a total of 427,158 square feet, making it a substantial space in a prime location.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $120,000,000
- Date: 11/01/2022
- Lender: Signature Bank
- Landlord: Feil Organization - Jeffrey J. Feil & Malkin Holdings - Anthony E. Malkin
- Loan Type: Refinance
During the transaction, Signature Bank provided a loan of $120,000,000 to the property owners. The loan, which took place on 11/01/2022, served as a refinancing arrangement. The landlords involved in the transaction include the Feil Organization, represented by Jeffrey J. Feil, and Malkin Holdings, represented by Anthony E. Malkin.
Players
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3
Agents
2
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1
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350 Madison Avenue
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