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$45M Loan Arranged for 180 Madison Ave.

NEW YORK CITY-A $45 million fixed-rate first mortgage loan has been arranged for the 265,000-sf 180 Madison Ave.

By Barbara Jarvie | Updated on July 23, 2003

NEW YORK CITY-Serving as exclusive financial advisor to an affiliate of SL Green Realty Corp. and Morgan Stanley Real Estate Fund, Sonnenblick-Goldman Co. has arranged a $45 million fixed-rate first mortgage loan for 180 Madison Ave., an approximately 265,000-sf office building in the Murray Hill section of Midtown. A major financial banking institution, whose name was not released, provided the loan. Asking rents in the building range from $40 to $42 per sf.

“180 Madison Avenue’s ideal location, quality of its tenant roster and extremely strong sponsorship created great interest within the financing community,” says Morton Holliday, managing director of Sonnenblick-Goldman. Sonnenblick-Goldman’s financing team was led by Holliday, Mark Ehlinger, director, and Alex Hernandez, associate.

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