Wells Fargo’s Multifamily Capital group has closed a $249.2-million Freddie Mac loan for Anagram NoMad, a luxury residential tower located at 10 E. 29th St. between Madison and Fifth avenues in the NoMad neighborhood of Midtown South in Manhattan. The sponsor, Global Holdings Management Group, will use the loan to refinance an existing Wells Fargo balance sheet loan. Executive directors Andrew Cohen and Shane Hogan at Wells Fargo originated the financing.
Global Holdings acquired the 392-unit, 50-story high-rise in the spring of 2020 and unveiled it as the rebranded Anagram NoMad a year and a half later. It represented the first property under the Anagram brand.
The property features an indoor and outdoor rooftop featuring views of the cityscape and including a bar, a game room and lounge spaces; a full-service gym complete with a climbing wall and yoga studio; a resident café; a coworking space with a conference and telephone rooms; a children’s playhouse; a library; and a private garden lawn.
The post Global Holdings Refis NoMad High-Rise for $249M appeared first on Connect CRE.
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