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Newmark Brokers Refinance Loan Of $590M For 907k SF Midtown Office Building

1540 Broadway
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This Office property located in NY received a loan of $590,000,000 almost 2 years ago. The brokers of the deal were Alex Foshay, Christopher (Chris) Kramer, Daniel Fromm, Nick Scribani, Dustin Stolly, and Jordan (Jordy) Roeschlaub

The property involved in this closed transaction is an office building located at 1540 Broadway in Midtown. The building spans a total area of 907,427 square feet.

Summary of transaction details

The refinance loan for this property was provided by Apollo, MSD, and Monarch. The landlord in this transaction is EDGE Fund Advisors and HSBC Alternative Investment Limited. The brokers representing the deal are Dustin Stolly, Jordan Roeschlaub, Chris Kramer, Alex Foshay, Daniel Fromm, and Nick Scribani from Newmark.

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Deals
  • Location
    1540 Broadway, New York City, New York 10036, United States1540 Broadway, New York City, New York 10036, United States
  • Loan Value
    $590,000,000$590,000,000
  • Asset Type
    OfficeOffice
  • Parties
    6 Brokers, 1 Agency, 3 Lenders6 Brokers, 1 Agency, 3 Lenders

Agents

Alex Foshay

Alex Foshay

Deals5
Financed$805M

Dustin Stolly

Dustin Stolly

Deals218
Financed$37.6B

Daniel Fromm

Daniel Fromm

Deals60
Financed$4.2B

Jordan (Jordy) Roeschlaub

Jordan (Jordy) Roeschlaub

Deals195
Financed$34.6B

Nick Scribani

Nick Scribani

Deals98
Financed$14.6B

Agency

Newmark

Newmark

Agency
Deals3893
Volume$397.4B

Apollo Bank

Apollo Bank

Lender
Deals19
Volume$ 1.7T

MSD Partners

MSD Partners

Lender
Deals20
Volume$ 773.4B

Monarch

Monarch

Lender
Deals1
Volume$ 114.5B

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Deal Summary

LOAN IMAGE: Dustin Stolly, Jordan Roeschlaub, Adam Piekarski, Joshua Acheatel, Daniel Fromm & Nick Scribani DATE: 04/01/2022 ADDRESS: 1540 Broadway MARKET: Midtown ASSET TYPE: Office ~ SF: 907,427 LENDER: Apollo, MSD & Monarch LANDLORD: EDGE Fund Advisors & HSBC Alternative Investment Limited BROKERS: Dustin Stolly, Jordan Roeschlaub (@JordyRoeschlaub), Chris Kramer,  Alex Foshay, Daniel Fromm (@Ddwb) & Nick Scribani - Newmark LOAN AMOUNT: $590,000,000 LOAN TYPE: Refinance

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1540 Broadway

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