Global Holdings Lands $249M Refi for Manhattan Tower
JLL Capital Markets arranged the deal on behalf of the owner.
Global Holdings Management Group has secured a $249.1 million loan to refinance Anagram NoMad, a 392-unit residential tower in Manhattan. Wells Fargo Multifamily Capital provided the five-year, fixed-rate Freddie Mac note.
JLL Capital Markets worked on behalf of the borrower in the transaction. Freddie Mac Optigo Lender JLL Real Estate Capital will service the loan.
Anagram NoMad has been under Global Holdings’ ownership since 2020, when the company purchased the property from Invesco Real Estate for $380.6 million, Yardi Matrix data shows. Wells Fargo Bank financed the acquisition with a $250 million loan, according to the same source.
Other recent multifamily finance deals in the borough include the $460 million debt package to refinance Gotham West, a 1,238-unit community in Manhattan, owned by Gotham Organization. The transaction was structured as a direct bond purchase, with Wells Fargo acting as lender.
A community rising 50 stories
Completed in 1998 at 10 E. 29th St., Anagram NoMad is a 50-story upscale community. The tower features 24 studios, 278 one-, 70 two- and 20 three-bedroom units, with apartments ranging from 443 to 1,640 square feet.
Shared amenities include a library, coworking area with dedicated meeting rooms, children’s playhouse and a rooftop lounge with terrace. Since acquiring it, Global Holdings has invested capital into upgrading the units, as well as adding a tenant-only cafe and a fitness center with a climbing wall and weight room.
Located in the borough’s NoMad neighbourhood, the residential tower is near Madison Square Park and the Empire State Building. The property also has access to the Park Avenue subway station.
The JLL Capital Markets Senior Managing Directors Christopher Peck, Peter Rotchford and Rob Hinckley, Senior Director Nicco Lupo and Director Christopher Pratt led the Debt Advisory team that worked on behalf of the ownership.
