Marc Holliday Of SL Green Realty Corp Secures $165 Million Refinance Loan For One Madison Ave
Madison Ave
$165,000,000
Building Size
—
Asset Type
Office
Closing
Mar 20, 2026
About this deal
AI
The transaction involves One Madison Ave, an office property located in the Midtown South market, encompassing 1.37 million square feet. SL Green Realty Corp is the landlord, and the refinancing amount for the property is $165,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $165,000,000
- Lender: Wells Fargo, Goldman Sachs, J.P. Morgan Chase, Bank of America & German American Capital Corporation
- Landlord: Marc Holliday - SL Green Realty Corp
- Loan Type: Refinance
This refinancing marks the largest Manhattan office refinance in 2026 and includes backing from a joint venture involving SL Green, National Pension Service of Korea, Mastern, and Hines, with major banks co-originating the deal.
On the Map
$165,000,000
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93