510 Madison Avenue|Financing|02/21/2008 | TRD Research
Deal sheet    Single Deal
510 Madison Avenue|Financing|02/21/2008
  • Event Financing
  • Address 510 Madison Avenue
  • Square feet 350,000
  • Borough Manhattan
  • Neighborhood Plaza District
  • Publication Date 04/01/2008
notes
A $330 million construction loan was provided for the development. The financing paid off a $120 million predevelopment loan on the project, which had been in default since December 2007. Union Labor Life Insurance Company provided $267 million in primary financing, and Deutsche Bank provided a $63 million junior loan. 30-story office building.